Deborah Peck

A Quick Glance at Real Estate Sales in Texas Cities July 2009

Below is sales data from the Texas A&M Real Estate Center regarding the real estate sales market in various cities across Texas for July 2009.

TEXAS (Real Estate Center, CNNMoney.com) – 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 Aug. 28, 2009):

	Sales	Change from Last Year	Median Price	Change from Last Year	Months’ Inventory
Amarillo	254	down 21.6%	$124,600	up 1.2%	7.2
Austin	2,288	down 0.2%	$189,700	down 0.6%	7
College Station–Bryan	304	down 15.1%	$151,000	down 2.3%	6.8
Dallas	4,815	down 6%	$164,800	up 0.8%	6.5
El Paso	478	down 4.8%	$135,200	down 2.4%	9.1
Fort Worth	840	down 12.3%	$118,700	down 1.1%	6.6
Harlingen	78	up 20%	$95,000	up 13.6%	28.7
Houston	6,393	down 4.8%	$161,900	up 1.3%	6.8
Killeen–Fort Hood	257	down 6.2%	$124,800	down 0.9%	10
Laredo	91	up 11%	$122,800	up 2.3%	9
Lubbock	348	up 0.9%	$110,300	up 0.3%	5.5
Palestine	21	down 16%	$102,500	down 2.4%	10.1
San Angelo	125	down 5.3 %	$121,700	up 10.6%	5.6
San Antonio	2,040	up 7.9%	$156,900	up 2.3%	8.4
Waco	213	down 14.5%	$114,600	down 1.4%	8.4

Additional home sales data for these and other major Texas cities are available on the Center’s website.

Nationally, sales of existing single-family homes last month were up 5 percent from July 2008, according to the National Association of Realtors.

As you can see, of fifteen cities reported for median price sold, 8 are up, 7 are down. Harlingen is doing best at +15%, no city is down more than 2.5%. Texas continues to be a solid and stable real estate market across the state, relative to the rest of the country.

If you’ve never checked out the Real Estate Center website at http://recenter.tamu.edu/ do so. There is a lot of interesting data and charts. Also, at the top left of the page link, you can sign up for the Real Estate email newsletter, which is mostly a compilation of snippets of real estate news from Texas newspapers, but also includes occassional data such as that shown above.