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AUGUST TEXAS EXISTING HOME SALES UP 24 PERCENT
COLLEGE STATION (Real Estate Center) – Sales of existing single-family Texas homes in August were up 24 percent from a year ago, according to the most recent Multiple Listing Services (MLS) data compiled by the Real Estate Center at Texas A&M University.
More than 21,200 existing single-family homes were sold, data showed.
The median home price was $153,200, about the same as a year ago, and the state's overall inventory was at 7.4 months.
August 2011 MLS data for many Texas cities are available on the Center's website. Here is a sampling (data current as of Sept. 29, 2011):
| |
Sales |
Change from
Last Year |
Median
Price |
Change from
Last Year |
Months'
Inventory |
| Abilene |
174 |
up 21% |
$108,900 |
down 11% |
6.3 |
| Arlington |
431 |
up 39% |
$132,100 |
down 2% |
5.8 |
| Austin |
2,193 |
up 31% |
$194,600 |
no change |
5.8 |
| Beaumont |
160 |
down 8% |
$144,600 |
up 6% |
12.3 |
| Brownsville |
78 |
up 32% |
$117,100 |
up 3% |
13.5 |
| Dallas |
4,540 |
up 31% |
$163,500 |
down 1% |
6.4 |
| Fort Worth |
778 |
up 12% |
$124,900 |
up 3% |
6.6 |
| Houston |
6,063 |
up 29% |
$157,700 |
up 1% |
7.2 |
| McAllen |
185 |
up 35% |
$109,700 |
down 6% |
15.1 |
| Odessa |
89 |
up 3% |
$142,500 |
down 5% |
4.3 |
| Port Arthur |
55 |
down 5% |
$103,800 |
down 6% |
13.3 |
| San Antonio |
1,811 |
up 9% |
$153,500 |
down 4% |
7.9 |
South Padre
Island |
25 |
down 7% |
$197,500 |
up 20% |
41.9 |
| Texarkana |
85 |
up 1% |
$106,200 |
up 2% |
10.2 |
| Waco |
184 |
up 26% |
$118,900 |
down 11% |
9.9 |
| Texas |
21,246 |
up 24% |
$153,200 |
no change |
7.4 |
Dan's Comments:
The Month's Inventory is significant as DFW-Arlington are becoming a balanced market. Month's Inventory of 7+ is a Buyer's Market and 5 or less is a Seller's Market.
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