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Texas home sales, prices up in AprilTexas home sales, prices up in Aprilhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=133672016-05-31T05:00:00Z​​​COLLEGE STATION – Latest Texas home sales data show sales last month were up 5.7 percent from a year ago while the median price was up 6.1 percent.

According to April 2016 data (as of 11 a.m. today), 27,969 homes were sold last month, about 1,500 more than a year ago and roughly 640 more than in March.

The median price was $205,300 compared with $193,500 a year ago and $201,500 in March.

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 metropolitan statistical areas (MSAs) fared in April.

​April 2016 Sales​Year-Over-Year Change​April 2016 Median Price​Year-Over-Year Change​Months' Inventory
​Austin-Round Rock (MSA)​2,915​up 5.9%$284,000​​​up 6.4%​​2.4 months
Dallas​-Fort Worth-Arlington (MSA)​8,658​up 10.5%​$228,000​up 7.3%​2.2 months
​Houston*N/A​N/A
​N/A
N/A
​N/A​
​San Antonio-New Braunfels (MSA)​2,654​up 5.6%​$199,200​up 6.5%​3.7 months
​Texas​27,969​up 5.7%​$205,300​up 6.1%​3.6 months
*Houston data is published 40 days after month's end.

April data for most Texas metros are available on the Center's website.

For more on Texas housing, tune in to tomorrow's Real Estate Red Zone podcast​. Center Chief Economist Dr. JIm Gaines will be the featured guest.
Real Estate Center
Texas
Housing
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