Texas Home Sales, Prices Continue Upward TrendTexas Home Sales, Prices Continue Upward Trendhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=99432015-07-21T09:19:00Z2015-07-21T00:00:00Z

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
June 2015
Median Price
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.

Read more at {Source}

 Search NewsTalk Texas