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Texas Home Sales Drop, Texas Home Prices Rise

Texas is a state that we highly favor these days due to it’s growing economy, growing population, and excellent real estate markets.  Currently we offer two in Dallas:

* Single Family Homes:  Dallas Single Family Investment Property

* 3-Bedroom Duplexes:  Dallas Duplex Investment Property

A total of 22,511 existing homes were sold in Texas last month, a 4.8 percent decline from July 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University. The median price increased 0.6 percent to $153,800 during the same period, and the state finished the month with a 7.4-month inventory of existing homes.

Here is how select Texas cities fared in July (data current as of August 28, 2009):

 

Sales

Change from
Last Year

Median
Price

Change from
Last Year

Months of
Inventory

Amarillo

254

- 21.6%

$124,600

+ 1.2%

7.2

Austin

2,288

- 0.2%

$189,700

-  0.6%

7

College Station-Bryan

304

- 15.1%

$151,000

-  2.3%

6.8

Dallas

4,815

- 6%

$164,800

+ 0.8%

6.5

El Paso

478

- 4.8%

$135,200

-  2.4%

9.1

Fort Worth

840

- 12.3%

$118,700

-  1.1%

6.6

Harlingen

78

+ 20%

$95,000

+ 13.6%

28.7

Houston

6,393

- 4.8%

$161,900

+ 1.3%

6.8

Killeen-Fort Hood

257

- 6.2%

$124,800

-  0.9%

10

Laredo

91

+ 11%

$122,800

+ 2.3%

9

Lubbock

348

+ 0.9%

$110,300

+ 0.3%

5.5

Palestine

21

- 16%

$102,500

-  2.4%

10.1

San Angelo

125

- 5.3 %

$121,700

+ 10.6%

5.6

San Antonio

2,040

+ 7.9%

$156,900

+ 2.3%

8.4

Waco

213

- 14.5%

$114,600

-  1.4%

8.4

This is a great time to be investing in prudent Texas .  Call us for more information on markets and opportunities available today.  What are your favorite Texas markets?  (comment below)

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  1. September 4th, 2009 at 12:24 am

    [...] Texas Homes Sales Drop, Texas Homes Prices Rise [...]

  2. Comment by Property Investment
    September 19th, 2009 at 11:48 pm

    Home price rise is showing capital gains for those who get into property investment.

  3. Comment by GrandPiano
    November 17th, 2009 at 8:53 pm

    Hello :) I bookmarked this site. Thanks heaps for this!… if anyone else has anything, it would be much appreciated.


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