Texas February Home Sales Up 10 Percent

COLLEGE STATION (Real Estate Center) – Existing single-family home sales in Texas had a 10 percent year-over-year increase last month while the median price was up 7 percent.

According to March 2015 Texas MLS data (as of 11 a.m. today), 24,603 homes were sold last month, about 220 more than in March 2014 but nearly 7,000 more than in February 2015.

The median price was $191,200 compared with $178,000 a year ago and $186,900 in February.

Months’ inventory was at 3.2 months. Real Estate Center economists consider 6.5 months a balanced market.

March 2015 home sales data for most Texas MLSs are posted on the Center’s website.