TEXAS' EXISTING HOME SALES DROP, PRICES RISE
TEXAS (Real Estate Center, CNNMoney.com) - A total of 22,511 existing homes were sold in Texas last month, a 4.8 percent decline from July 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University. The median price increased 0.6 percent to $153,800 during the same period, and the state finished the month with a 7.4-month inventory of existing homes.
Here is how select Texas cities fared in July (data current as of Aug. 28, 2009):
| Sales |
Change from |
Median Price |
Change from Last Year |
Months' Inventory |
|
| Amarillo | 254 | down 21.6% | $124,600 | up 1.2% | 7.2 |
| Austin | 2,288 | down 0.2% | $189,700 | down 0.6% | 7 |
| College Station-Bryan | 304 | down 15.1% | $151,000 | down 2.3% | 6.8 |
| Dallas | 4,815 | down 6% | $164,800 | up 0.8% | 6.5 |
| El Paso | 478 | down 4.8% | $135,200 | down 2.4% | 9.1 |
| Fort Worth | 840 | down 12.3% | $118,700 | down 1.1% | 6.6 |
| Harlingen | 78 | up 20% | $95,000 | up 13.6% | 28.7 |
| Houston | 6,393 | down 4.8% | $161,900 | up 1.3% | 6.8 |
| Killeen-Fort Hood | 257 | down 6.2% | $124,800 | down 0.9% | 10 |
| Laredo | 91 | up 11% | $122,800 | up 2.3% | 9 |
| Lubbock | 348 | up 0.9% | $110,300 | up 0.3% | 5.5 |
| Palestine | 21 | down 16% | $102,500 | down 2.4% | 10.1 |
| San Angelo | 125 | down 5.3 % | $121,700 | up 10.6% | 5.6 |
| San Antonio | 2,040 | up 7.9% | $156,900 | up 2.3% | 8.4 |
| Waco | 213 | down 14.5% | $114,600 | down 1.4% | 8.4 |
Additional home sales data for these and other major Texas cities are available on the Center's website.
Nationally, sales of existing single-family homes last month were up 5 percent from July 2008, according to the National Association of Realtors
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