Local News

TEXAS (Real Estate Center) – A total of 17,324 existing homes were sold in Texas last month — an 11 percent decline from February 2007 — according to MLS data compiled by the Real Estate Center at Texas A&M University. The median price rose 1.4 percent to $142,700 during the same period, and the state finished the month with a 5.9-month inventory on existing homes.

Here is how select cities fared in February:

Amarillo

• 274 homes sold (3.4 percent increase over previous year)
• Median price of $122,700 (16.9 percent increase)
• 5.1-month inventory

Austin

• 1,705 homes sold (10.5 percent decrease)
• Median price of $180,300 (1.6 percent increase)
• 4.7-month inventory

Beaumont

• 153 homes sold (14.5 percent decrease)
• Median price of $120,600 (1.3 percent decrease)
• 6.5-month inventory

Brownsville

• 82 homes sold (22.4 percent increase)
• Median price of $90,000 (2.6 percent increase)
• Inventory data not provided

Bryan-College Station

• 122 homes sold (14.1 percent decrease)
• Median price of $129,600 (2.6 percent decrease)
• 6.5-month inventory

Corpus Christi

• 284 homes sold (20.7 percent decrease)
• Median price of $136,700 (12 percent increase)
• 8.1-month inventory

Dallas

• 3,640 homes sold (11.6 percent decrease)
• Median price of $147,700 (4.3 percent decrease)
• 6.2-month inventory

El Paso

• 328 homes sold (34.8 percent decrease)
• Median price of $133,800 (7.9 percent increase)
• 9-month inventory

Fort Worth

• 717 homes sold (17.1 percent decrease)
• Median price of $112,900 (1.0 percent decrease)
• 6-month inventory

Houston

• 4,919 homes sold (11 percent decrease)
• Median price of $151,300 (2.8 percent increase)
• 6.3-month supply

Lubbock

• 222 homes sold (6.3 percent decrease)
• Median price of $101,300 (2.2 percent decrease)
• 5.3-month supply

San Antonio

• 1,529 homes sold (10.1 percent decrease)
• Median price of $142,800 (0.2 percent decrease)
• 6.5-month supply

Texarkana

• 65 homes sold (27 percent decrease)
• Median price of $94,200 (10.3 percent decrease)
• 7.9-month supply

Victoria

• 59 homes sold (3.3 percent decrease)
• Median price of $119,100 (10.5 percent increase)
• 4.9-month supply

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