Texas Home Sales, Prices Continue Upward Trend | Texas Home Sales, Prices Continue Upward Trend | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=9943 | 2015-07-21T09:19:00Z | 2015-07-21T00:00:00Z |
COLLEGE STATION (Real Estate Center) – Latest MLS data show Texas home sales had a 7 percent year-over-year increase last month while the median price was up 8 percent.
According to June 2015 Texas MLS data (as of 9 a.m. today), 31,467 homes were sold last month, about 2,100 more than a year ago but more than 4,200 more than in May of this year.
The median price was $208,200 compared with $193,500 a year ago and $205,300 in May.
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 June.
|
June 2015
Sales |
Year-Over-Year
Change |
June 2015
Median Price |
Year-Over-Year
Change |
Months'
Inventory |
Austin |
3,382 |
Up 6% |
$270,100 |
Up 9% |
2.8 |
Dallas |
6,873 |
Up 9% |
$243,100 |
Up 12% |
2.2 |
Fort Worth |
1,367 |
Up 19% |
$159,100 |
Up 4% |
2.2 |
Houston |
8,740 |
Up 4% |
$222,000 |
Up 5% |
3.2 |
San Antonio |
3,010 |
Up 18% |
$199,200 |
Up 6% |
4 |
Texas |
31,467 |
Up 7% |
$208,200 |
Up 8% |
3.6 |
June 2015 home sales data for most Texas MLSs are posted on the Center's website. For an in-depth look at the latest data, listen to tomorrow's Real Estate Red Zone podcast, featuring housing market expert Dr. Jim Gaines.
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| Housing
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