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Texas Home Sales Drop, Texas Home Prices Rise

September 2, 2009 by Marco Santarelli

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 real estate investment opportunities 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 income property.  Call us for more information on markets and opportunities available today.  What are your favorite Texas markets?  (comment below)

Filed Under: Housing Market Tagged With: Housing Market, Texas home sales, Texas housing market, Texas investment property, Texas median price, Texas real estate

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