Texas home sales, prices up about 7 percent in AugustTexas home sales, prices up about 7 percent in Augusthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=105892015-09-22T05:00:00Z2015-09-22T16:00:00Z​​​​​​​​COLLEGE STATION – Latest Multiple Listing Service (MLS) data show Texas home sales had a 7 percent year-over-year increase last month while the median price was up 7.4 percent.

According to August 2015 Texas MLS data (as of 10:45 a.m. today), 29,685 homes were sold last month​, almost 1,900 more than a year ago but about 1,500 fewer than in July.

The median price was $203,300 compared with $189,300 a year ago and $204,700 in July.

Months' inventory was at 3.7 months. Real Estate Center economists consider 6.5 months a balanced market.

Here's how the state's major metros fared in August.

August 2015 Sales​Year-Over-Year Change​August 2015 Median Price​Year-Over-Year Change​Months' Inventory
​Austin​3,248​up 7%​$263,100​up 7.9%​2.9
​Dallas​6,676​up 13%​$231,800​up 9.7%​2.4
​Fort Worth​1,298​up 14%​$161,900​Up 8.9%​2.4
​Houston​8,146​No change​$214,500​up 6%​3.5
​San Antonio​2,621​up 4%​$195,500​up 8.1%​4
​​Texas​29,685​up 7%​$203,300​​Up 7.4%​3.7

Real Estate Center
https://www.recenter.tamu.edu/data/housing-activity/#/trendsRead more at the {Source}

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