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A Quick Glance at Real Estate Sales in Texas Cities July 2009

Below is sales data from the Texas A and M Real Estate Center regarding the real estate sales market in various cities across Texas for July 2009.

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
Last Year
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.

As you can see, of fifteen cities reported for median price sold, 8 are up, 7 are down. Harlingen is doing best at +15%, no city is down more than 2.5%. Texas continues to be a solid and stable real estate market across the state, relative to the rest of the country.

If you’ve never checked out the Real Estate Center website at http://recenter.tamu.edu/ do so. There is a lot of interesting data and charts. Also, at the top left of the page link, you can sign up for the Real Estate email newsletter, which is mostly a compilation of snippets of real estate news from Texas newspapers, but also includes occassional data such as that shown above.

Posted by Steve
7 years ago