The Texas housing market posted a 14% increase in sales volume with roughly 6% increases in both median and average sales price, according to the 2012-Q3 edition of the Texas Quarterly Housing Report. Here are some highlights from the report:

• Median sales prices for properties was $161,500, which is 6.46% more than third quarter 2011.
• Average sales price had a similar increase, up 5.74% from the same quarter last year, to $208,515.
• The Texas market featured 5.5 months of inventory statewide, which is 1.8 months less than 2011-Q3. The Real Estate Center cites 6.5 months of inventory as a market in which demand is balanced with supply.
• The latest statewide inventory figure indicates Texas overall has shifted to a seller's market, and data show this is also true in many local real estate markets.

Download the full report, covering real estate sales statistics statewide and in 48 markets in Texas, and share its findings.