According to the Texas A&M Real Estate Center a total of 17,147 existing homes were sold in Texas last month, a 21 percent decline from April 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University. The median price dropped 2.8 percent to $142,700 during the same period, and the state finished the month with a 7.1-month inventory of existing homes.
Here is how select Texas cities fared in April (data current as of May 29, 2009):
|
|
Sales
|
Change from
Last Year
|
Median
Price
|
Change from
Last Year
|
Months'
Inventory
|
|
Amarillo
|
227
|
down 24.1%
|
$126,000
|
up 0.9%
|
6.7
|
|
Austin
|
1,728
|
down 21.1%
|
$185,300
|
down 0.9%
|
6.8
|
|
Beaumont
|
175
|
down 16.7%
|
$131,200
|
up 3.6%
|
8
|
|
College Station–Bryan
|
183
|
down 27.7%
|
$142,800
|
down 0.3%
|
1.9
|
|
Corpus Christi
|
283
|
down 19.8%
|
$122,200
|
down 17.4%
|
na
|
|
Dallas
|
3,613
|
down 24.2%
|
$150,000
|
down 4.8%
|
6.9
|
|
El Paso
|
381
|
up 30.5%
|
$128,100
|
up 1.1%
|
9.8
|
|
Fort Worth
|
679
|
down 25.1%
|
$111,100
|
down 3.1%
|
6.5
|
|
Galveston
|
68
|
down 24.4%
|
$85,000
|
down 51.7%
|
16.1
|
|
Houston
|
4,621
|
down 23.6%
|
$148,800
|
down 1%
|
6.3
|
|
Laredo
|
86
|
up 3.6%
|
$116,000
|
down 4%
|
8.7
|
|
Longview-Marshall
|
133
|
down 32.1%
|
$128,300
|
up 2.1%
|
8
|
|
Lubbock
|
289
|
down 10.2%
|
$115,200
|
up 6.3%
|
5.6
|
|
San Antonio
|
1,484
|
down 14.9%
|
$146,800
|
down 3.6%
|
8.5
|
|
Texarkana
|
57
|
down 36.7%
|
$102,000
|
up 2%
|
8.4
|
|
Tyler
|
221
|
down 22.7%
|
$132,600
|
down 2.1%
|
11.7
|
|
Victoria
|
57
|
down 30.5%
|
$117,000
|
down 8.6%
|
6.3
|
|
Waco
|
163
|
down 21.3%
|
$111,900
|
up 0.6%
|
8
|
Additional home sales data for these and other major Texas cities are available on the Center’s website.
Nationally, sales of existing single-family homes last month were down 3.5 percent compared with April 2008, according to the National Association of Realtors. Sales were at a 4.68 million annual rate. At $170,200, the median sales price was down 15.4 percent from a year earlier. Inventory was at 10.2 months.
Meanwhile, the U.S. Commerce Department reported that new home sales were almost flat last month. Sales rose 0.3 percent in April to a seasonally adjusted annual rate of 352,000, but the increase came from a downwardly revised rate of 351,000 in March. The median sales price fell to $209,700, a 14.9 percent drop from last year.