Texas home sales down 2.1 percent in OctoberTexas home sales down 2.1 percent in Octoberhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112742015-11-24T06:00:00Z2015-11-24T17:00:00Z​​​​​​​​​​​​​​​​​COLLEGE STATION – Latest Multiple Listing Service (MLS) data show Texas home sales last month were down 2.1 percent from a year ago while the median price was up 7.2 percent.

According to October 2015 Tex​as MLS data (as of 11 a.m. today), 24,077 homes were sold last month​, about 500 fewer than a year ago and more than 2,000 fewer than in September.

The median price was $194,000 compared with $181,000 a year ago and $196,700 in September.

Months' inventory was at 3.5​ months. Real Estate Center economists consider 6.5 months a balanced market.

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

October 2015 SalesYear-Over-Year ChangeOctober 2015 Median Price​Year-Over-Year Change​Months' Inventory
​Austin​2,608​up 0.7%​$253,600​up 5.8%​2.6
Dallas5,322​up 4.4%​$226,100​up 12.8%​2.2
​Fort Worth​1,062​up 3.2%​$157,100​Up 10%​2.4
​Houston6,438​down 11%​$202,100​up 5.7%​3.5
​San Antonio​2,311​up 3.9%​$187,100​up 7.2%​3.8
​​Texas​24,077​down 2.1%​$194,000​​Up 7.2%​3.5

Real Estate Center
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