Friday, October 30, 2015

Texas home prices up 9 percent in September

COLLEGE STATION (Real Estate Center) – Latest Multiple Listing Service (MLS) data show Texas home sales had a 9 percent year-over-year increase last month while the median price was up 5.9 percent.

According to September 2015 Texas MLS data (as of 11:30 a.m. today), 26,710 homes were sold last month, nearly 2,150 more than a year ago but about 2,040 fewer than in August.

The median price was $196,300 compared with $185,400 a year ago and $203,000 in August.

Months' inventory was at 3.6 months. Real Estate Center economists consider 6.5 months a balanced market.

Real Estate Center