TEXAS (Real Estate Center) – A total of 19,101 existing homes were sold in
Texas last month, a 20.4 percent decline from May 2008, according to MLS data
compiled by the Real Estate Center at Texas A&M University. The median price
dropped 0.5 percent to $149,900 during the same period, and the state finished
the month with a 7.3-month inventory of existing homes.
Here is how select Texas cities fared in May (data current as of June 23,
2009):
| |
Sales |
Change from
Last Year |
Median
Price |
Change from
Last Year |
Months'
Inventory |
| Amarillo |
247 |
down 15.1% |
$129,500 |
up 6% |
6.7 |
| Austin |
1,875 |
down 20.3% |
$191,700 |
down 1.1% |
7 |
| Beaumont |
182 |
down 13.7% |
$139,200 |
up 9.1% |
8.3 |
| College Station–Bryan |
266 |
down 20.1% |
$149,400 |
up 7.3% |
6.7 |
| Dallas |
4,086 |
down 21.3% |
$165,300 |
up 2% |
7.1 |
| El Paso |
440 |
up 2.6% |
$126,800 |
down 8.0% |
9.7 |
| Fort Worth |
746 |
down 26.1% |
$113,800 |
down 7.9% |
6.7 |
| Galveston |
54 |
down 51.8% |
$132,000 |
down 26.7% |
18.3 |
| Houston |
5,246 |
down 22.6% |
$156,000 |
up 0.1% |
6.5 |
| Laredo |
71 |
down 13.4% |
$121,000 |
up 3% |
8.7 |
| Longview-Marshall |
186 |
down 15.1% |
$132,600 |
up 5.2% |
8.4 |
| Lubbock |
358 |
down 5.3% |
$111,400 |
down 1.5% |
5.4 |
| San Antonio |
1,658 |
down 13.1% |
$150,700 |
down 0.7% |
8.5 |
| Texarkana |
84 |
down 9.7% |
$110,900 |
up 13.7% |
7.8 |
| Tyler |
216 |
down 24.5% |
$132,700 |
down 2.4% |
12.5 |
| Victoria |
60 |
down 24.1% |
$136,700 |
up 12.6% |
7.3 |
| Waco |
184 |
down 24% |
$114,600 |
up 5% |
8.3 |
| Wichita Falls |
152 |
down 7.3% |
$97,700 |
down 0.6% |
7.1 |
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 2.4
percent compared with May 2008, according to the National Association of
Realtors. Sales were at a seasonally adjusted annual rate of 4.77 million. At
$173,000, the median sales price was down 16.8 percent from a year earlier.
Inventory was at 9.6 months.