Existing Home Sales, Prices Up in December

COLLEGE STATION (Real Estate Center) – Existing single-family home sales and prices in Texas were up last month from a year ago, according to the latest Multiple Listing Service data compiled by the Real Estate Center.

More than 23,300 homes were sold in December compared with 20,775 a year ago — a 12 percent jump. Nearly 284,650 homes were sold in Texas last year, data showed.

The median price was up 9 percent, from $175,800 to $191,900.

Housing inventory was at 3.1 months, well below the 6.5 months the Center considers a balanced market.

Housing data for most Texas markets is available on the Center’s website.