Tuesday, December 28, 2010

TEXAS' NOVEMBER HOME SALES DOWN, PRICES UP

COLLEGE STATION (Real Estate Center) – More than 13,700 existing homes were sold in Texas last month, according to newly released data from Texas Multiple Listing Services (MLS). That's a 24 percent drop from November 2009.
Meanwhile, the median price for an existing home increased by 3 percent last month to $146,700, and there was a 7.6-month inventory.
November 2010 MLS data for many Texas cities (current as of Dec. 21, 2010) are available on the Real Estate Center website. Here is a sampling:

Sales
Change from
Last Year
Median
Price
Change from
Last Year
Months'
Inventory
Abilene
 121
 down 7%
 $85,700
 down 25%
 6.4
Austin
 1,345
 down 22%
 $181,300
 up 3%
 6
Beaumont
 150
 up 9%
 $150,700
 up 21%
 11.2
Brownsville
 49
 down 21%
 $95,000
 down 5%
 --
Dallas
 2,736
 down 27%
 $156,100
 up 3%
 6.9
Fort Worth
 577
 down 24%
 $106,800
 down 7%
 7.1
Houston
 3,905
 down 23%
 $151,000
 No change
 7.8
Killeen-
Fort Hood
 160
 down 39%
 $125,700
 up 1%
 7.9
Longview-
Marshall
 142
 down 30%
 $122,900
 up 2%
 9
McAllen
 150
 up 7%
 $106,000
 up 3%
 13.9
Midland
 88
 down 17%
 $180,000
 up 11%
 5.8
Port Arthur
 38
 down 14%
 $95,000
 down 24%
 12.7
San Antonio
 1,249
 down 22%
 $152,900
 up 8%
 8
Texarkana
 55
 down 10%
 $102,500
 up 3%
 9
Waco
 146
 down 6%
 $129,200
 up 24%
 8.9
Texas
 13,745
 down 24%
 $146,700
 up 3%
 7.6

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