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 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)