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Texas Sales: August Numbers In

Posted on October 1st, 2008 12:32am by Candy Evans
Filed under Changing market trends in Real Estate, Ranch & Farmland, Real Estate, Realtor News, Sexy cities, investment Real Estate

The Real Estate Center at Texas A&M University reports 22, 587 homes were sold in Texas in August, 18% less than August 2007. The median price dropped less than one percent (0.7%) and the average time on market was seven months. Get this: median prices actually INCREASED in Bryan/College Station, San Antonio (my property was on the market for 60 days, I leased), Houston, Victoria, Lubbock and Marshall. Nationally, Case-Shiller, which is owned by Standard and Poors, reported a 16% drop in prices from July 2007 but singled out Atlanta, Boston, Dallas, Denver and Minneapolis for “positive (or flat) returns”. Jump for RECON’s numbers:

Amarillo

284 homes sold (9.8 percent decrease from previous year)
Median price of $129,500 (2.7 percent decrease)
5.7-month inventory

Austin

2,221 homes sold (20.8 percent decrease)
Median price of $194,000 (1.8 percent increase)
6-month inventory

Brownsville

90 homes sold (19.6 percent decrease)
Median price of $102,500 (22 percent decrease)
Inventory not available

Bryan–College Station

293 homes sold (7.9 percent decrease)
Median price of $150,700 (4.1 percent increase)
5.4-month inventory

Corpus Christi

377 homes sold (11.3 percent decrease)
Median price of $135,800 (7.2 percent decrease)
9.3-month inventory

Dallas

4,702 homes sold (19.5 percent decrease)
Median price of $162,100 (3.3 percent decrease)
6.7-month inventory

El Paso

433 homes sold (21.8 percent decrease)
Median price of $133,300 (4 percent decrease)
12.7-month inventory

Fort Worth

861 homes sold (26.3 percent decrease)
Median price of $117,700 (3.7 percent decrease)
6.2-month inventory

Houston

6,464 homes sold (17.7 percent decrease)
Median price of $158,900 (1 percent increase)
6.7-month inventory

Laredo

75 homes sold (26.5 percent decrease)
Median price of $130,000 (3.7 percent decrease)
9.8-month inventory

Longview-Marshall

216 homes sold (19.1 percent decrease)
Median price of $123,800 (3.4 percent increase)
7.7-month inventory

Lubbock

342 homes sold (3.1 percent decrease)
Median price of $116,800 (11.3 percent increase)
5.4-month inventory

San Antonio

1,775 homes sold (26.3 percent decrease)
Median price of $152,000 (0.3 percent increase)
8-month inventory

Texarkana

95 homes sold (14.5 percent increase)
Median price of $88,800 (21.3 percent decrease)
7.6-month inventory

Victoria

86 homes sold (6.5 percent decrease)
Median price of $125,700 (0.2 percent increase)
6-month inventory

Waco

260 homes sold (8.3 percent increase)

Median price of $109,400 (10.5 percent decrease)

8.4-month inventory

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