Texas home prices up 9 percent in SeptemberTexas home prices up 9 percent in Septemberhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=108742015-10-20T05:00:00Z2015-10-20T17:00:00Z​​​​​​​​​​​​​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
​Dallas5,890​up 15%​$225,300​up 9.5%​2.3
​Fort Worth​1,171​up 20%​$158,800​Up 12.1%​2.4
​Houston7,369​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

Real Estate Center
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