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TEXAS EXISTING HOME SALES, PRICES DROP
TEXAS (Real Estate Center, NAR) – A total of
19,884 existing single-family homes were sold in Texas last month, a 12
percent decrease from August 2008, according to MLS data compiled by the
Real Estate Center at Texas A&M University.
The median price dropped 1 percent to
$150,400 during the same period, and the state finished the month with a
7.5-month inventory of existing homes.
Here is how select Texas cities fared in
August (data current as of Sept. 24, 2009):
|
|
Sales |
Change from
Last Year |
Median
Price |
Change from
Last
Year |
Months'
Inventory |
|
Austin |
1,996 |
down 10% |
$187,000 |
down 4% |
6.7 |
|
Dallas |
4,183 |
down 15% |
$161,500 |
up
1% |
6.5 |
|
Fort Worth |
756 |
down 17% |
$116,300 |
down 4% |
6.8 |
|
Houston |
5,555 |
down 11% |
$159,700 |
up
1% |
6.8 |
|
Killeen–Fort Hood |
262 |
up
19% |
$127,100 |
up
1% |
9.8 |
|
Laredo |
72 |
down 19% |
$116,400 |
down 10% |
9.4 |
|
Lufkin |
48 |
down 20% |
$95,000 |
down 17% |
na |
|
Odessa |
92 |
down 39% |
$118,700 |
down 13% |
7.9 |
|
San Antonio |
1,808 |
up
1% |
$146,500 |
down 2% |
8.3 |
|
Texarkana |
85 |
down 11% |
$111,000 |
up
25% |
8.7 |
Additional home sales data for these and
other major Texas cities are available on the
Center's website.
The National Association of Realtors
reports that, nationally, sales of existing single-family homes fell 2.8
percent last month to a seasonally adjusted annual rate of 4.48 million
from 4.61 million in July. However, that was 2.5 percent higher than the
4.37 million-unit pace reported a year ago.
Meanwhile, the median existing home price
was $177,500 in August, down 12.1 percent from August 2008.
Courtesy
of
RECON
Real
Estate Center Online News
September
25, 2009
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