Oct 20, 2015
Texas home prices up 9 percent in September
COLLEGE STATION – Latest Multiple Listing Service (MLS) data show Texas home sales had a 9 percent year-over-year increase last month while the median price was up 5.9 percent. According to September 2015 Texas...
COLLEGE STATION – Latest Multiple Listing Service (MLS) data show Texas home sales had a 9 percent year-over-year increase last month while the median price was up 5.9 percent.
According to September 2015 Texas MLS data (as of 11:30 a.m. today), 26,710 homes were sold last month, nearly 2,150 more than a year ago but about 2,040 fewer than in August.
The median price was $196,300 compared with $185,400 a year ago and $203,000 in August.
Months’ inventory was at 3.6 months. Real Estate Center economists consider 6.5 months a balanced market.
Here’s how the state’s major metros fared in September.
| | September 2015 Sales | Year-Over-Year Change | September 2015 Median Price | Year-Over-Year Change | Months’ Inventory |
| Austin | 2,872 | up 8% | $256,200 | up 7.2% | 2.8 |
| Dallas | 5,890 | up 15% | $225,300 | up 9.5% | 2.3 |
| Fort Worth | 1,171 | up 20% | $158,800 | Up 12.1% | 2.4 |
| Houston | 7,369 | up 3% | $206,300 | up 5.4% | 3.5 |
| San Antonio | 2,480 | up 7% | $191,400 | up 4% | 4 |
| Texas | 26,710 | up 9% | $196,300 | Up 5.9% | 3.6 |
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