TEXAS' EXISTING HOME SALE TOTALS
TEXAS (Real Estate Center), March 28, 2008
A total of 17,324 existing homes were sold in Texas last month — an 11 percent decline from February 2007 — according to MLS data compiled by the Real Estate Center at Texas A&M University. The median price rose 1.4 percent to $142,700 during the same period, and the state finished the month with a 5.9-month inventory on existing homes.
Here is how select Texas cities fared in February:
Amarillo
- 274 homes sold (3.4 percent increase over previous year)
- Median price of $122,700 (16.9 percent increase)
- 5.1-month inventory
Austin
- 1,705 homes sold (10.5 percent decrease)
- Median price of $180,300 (1.6 percent increase)
- 4.7-month inventory
Beaumont
- 153 homes sold (14.5 percent decrease)
- Median price of $120,600 (1.3 percent decrease)
- 6.5-month inventory
Brownsville
- 82 homes sold (22.4 percent increase)
- Median price of $90,000 (2.6 percent increase)
- Inventory data not provided
Bryan-College Station
- 122 homes sold (14.1 percent decrease)
- Median price of $129,600 (2.6 percent decrease)
- 6.5-month inventory
Corpus Christi
- 284 homes sold (20.7 percent decrease)
- Median price of $136,700 (12 percent increase)
- 8.1-month inventory
Dallas
- 3,640 homes sold (11.6 percent decrease)
- Median price of $147,700 (4.3 percent decrease)
- 6.2-month inventory
El Paso
- 328 homes sold (34.8 percent decrease)
- Median price of $133,800 (7.9 percent increase)
- 9-month inventory
Fort Worth
- 717 homes sold (17.1 percent decrease)
- Median price of $112,900 (1.0 percent decrease)
- 6-month inventory
Houston
- 4,919 homes sold (11 percent decrease)
- Median price of $151,300 (2.8 percent increase)
- 6.3-month supply
Lubbock
- 222 homes sold (6.3 percent decrease)
- Median price of $101,300 (2.2 percent decrease)
- 5.3-month supply
San Antonio
- 1,529 homes sold (10.1 percent decrease)
- Median price of $142,800 (0.2 percent decrease)
- 6.5-month supply
Texarkana
- 65 homes sold (27 percent decrease)
- Median price of $94,200 (10.3 percent decrease)
- 7.9-month supply
Victoria
- 59 homes sold (3.3 percent decrease)
- Median price of $119,100 (10.5 percent increase)
- 4.9-month supply
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