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TEXAS' EXISTING HOME SALES DOWN, PRICES UP IN FEBRUARY
A total of 13,064 existing single-family homes were sold in Texas last month, a 2 percent drop from February 2009, according to MLS data compiled by the Real Estate Center at Texas A&M University.
The median price was up 2 percent to $141,100 during the same period, and the state finished the month with a 6.9-month inventory of existing homes.
Here is how select Texas cities fared in February (data current as of March 25, 2010):
| Sales |
Change from |
Median Price |
Change from Last Year |
Months' Inventory |
|
| Austin | 1,276 | up 7% | $182,000 | down 3% | 6.2 |
| Dallas | 2,707 | down 9% | $149,200 | up 1% | 6.1 |
| Fort Bend | 510 | down 7% | $188,700 | up 8% | 4.8 |
| Fort Worth | 538 | up 5% | $106,000 | down 3% | 6.5 |
| Houston | 3,615 | down 4% | $146,600 | up 6% | 6.6 |
| Longview-Marshall | 116 | down 12% | $120,000 | up 1% | 8.9 |
| Odessa | 67 | up 26% | $123,100 | down 5% | 5.8 |
| San Antonio | 1,239 | up 7% | $140,700 | down 1% | 7.8 |
| Temple-Belton | 94 | down 10% | $110,800 | down 11% | 6.7 |
| Victoria | 61 | up 33% | $109,200 | down 23% | 6.6 |
| Texas | 13,064 | down 2% | $141,100 | up 2% | 6.9 |
At the national level, the National Association of Realtors reported this week that existing-home sales fell 0.6 percent to a seasonally adjusted annual rate of 5.02 million units in February from 5.05 million in January. That was 7 percent higher than the 4.69 million-unit pace from February 2009.
Total housing inventory at the end of February rose 9.5 percent to 3.59 million existing homes, representing an 8.6-month supply.
The national median existing-home price for all housing types of $165,100 last month, which was 1.8 percent below February 2009.
(Texas Real Estate Center, Reuters, CNNMoney.com)
