August Existing Home Sales Up 31 Percent in Dallas Metroplex!
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 |
Source: Real Estate Center
Read MoreTexas September 2010 Home Sales Report
Existing home sales in September were down from last year, according to newly released data from Texas Multiple Listing Services (MLS).
About 15,200 homes were sold in September, down 18 percent from September 2009. Meanwhile, the median price remained virtually the same at $147,700. There was a 7.9-month inventory of existing homes on the market.
Here are data for a few Texas cities (current as of Oct. 21, 2010). More data on these and other cities are available on their website.
| Sales | Change from Last Year | Median Price | Change from Last Year | Months’ Inventory | |
| Abilene | 124 | down 3% | $121,400 | up 9% | 6.5 |
| Austin | 1,393 | down 28% | $193,300 | up 5% | 6.8 |
| Beaumont | 124 | down 15% | $121,100 | down 8% | 11.7 |
| Bryan-College Station | 122 | down 5% | $149,300 | down 2% | 8.8 |
| Dallas | 3,066 | down 24% | $159,300 | up 2% | 7.2 |
| Fort Worth | 608 | down 18% | $109,200 | down 3% | 7.3 |
| Houston | 4,296 | down 19% | $154,400 | no change | 7.9 |
| Kerrville | 41 | up 2% | $190,000 | up 27% | 22.8 |
| Longview-Marshall | 173 | down 7% | $128,600 | up 1% | 9.1 |
| Lufkin | 36 | down 22% | $124,000 | up 3% | 9.3 |
| McAllen | 125 | down 31% | $102,300 | down 2% | 12.7 |
| San Antonio | 1,434 | down 11% | $149,400 | up 2% | 8.2 |
| Texarkana | 85 | up 18% | $123,800 | up 27% | 9 |
| Victoria | 71 | up 15% | $118,600 | down 15% | 8.2 |
| Waco | 136 | down 25% | $100,000 | down 15% | 8.7 |
| Texas | 15,199 | down 18% | $147,700 | no change | 7.9 |
Source: Real Estate Center
Read MoreTEXAS’ EXISTING HOME SALES CLIMB, PRICES INCH UP
A total of 19,347 existing single-family homes were sold in Texas last month, a 15 percent increase from October 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University.
The median price rose 1 percent to $143,300 during the same period, and the state finished the month with a 6.9-month inventory of existing homes.
Here is how select Texas cities fared in October (data current as of Nov. 24, 2009):
| Sales | Change from Last Year |
Median Price |
Change from Last Year |
Months’ Inventory |
|
| Abilene | 163 | up 41% | $97,700 | down 26% | 5.5 |
| Austin | 1,993 | up 38% | $179,800 | down 5% | 6.1 |
| Dallas | 4,146 | up 12% | $153,000 | down 1% | 6 |
| Fort Worth | 833 | up 8% | $112,300 | no change | 6.5 |
| Houston | 5,388 | up 14% | $148,000 | up 4% | 6.4 |
| Longview-Marshall | 176 | down 6% | $121,500 | up 2% | 8.9 |
| McAllen | 188 | down 3% | $101,500 | down 7% | 13.6 |
| Midland | 121 | down 6% | $165,500 | down 3% | 1.8 |
| San Antonio | 1,760 | up 24% | $138,600 | down 4% | 7.7 |
| San Marcos | 14 | up 27% | $150,000 | up 5% | 9.1 |
| Texas | 19,347 | up 15% | $143,300 | up 1% | 6.9 |
Additional home sales data for these and other major Texas cities are available on the Center’s website.
At the national level, the National Association of Realtors reported this week that single-family home sales rose 9.7 percent to a seasonally adjusted annual rate of 5.33 million in October from a pace of 4.86 million in September. That was 21.4 percent above the October 2008 pace. The median price was $173,100 in October, down 6.8 percent from a year ago.
Source: Real Estate Center, Realtor.org
Read MoreTEXAS HOME PRICES UP IN THIRD QUARTER
All of the Texas cities tracked in a recent survey by the National Association of Realtors had increases in home prices in third quarter 2006. Statewide prices were up 8.6 percent, one of the largest such increases in the country.
The biggest jump was in El Paso, which was up 14.3 percent. Meanwhile, Austin had the highest median price in the state at $175,500.
The rest of the United States saw a 1.2 percent drop in median home prices, with home prices falling in 45 of the almost 150 markets tracked in the survey.
Read MoreTEXAS HOME SALES RISE, 28 STATES POST DECLINE
Texas home sales were up 11.3 percent during the spring — third highest in the nation. But in 28 states and the District of Columbia, sales declined.
Existing home sales, including single-family and condo, were down in the second quarter. This contrasts with a record set in the same period last year. Twenty states showed increases in sales activity from a year ago.
For the quarter, existing home sales showed a seasonally adjusted annual rate of 6.69 million units, down 7 percent from the 7.19 million a year earlier.
Alaska posted the nation’s biggest sales increase — up 48.6 percent. Arkansas was second with 17.9 percent.
Source: Realtor.org
Read More
Recent Comments