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Husband, father, inline skater, cycling and triathlon athlete and sometimes coach, graduate civil engineer, commercial and residential and commercial Broker Realtor® working in Ellum, Expo Park, Munger, Peak Suburban, PD 98, PD 269, Swiss Avenue, Baylor PD, all of in-town east Dallas, former home building land acquisitions executive, home builder, home designer (chief architect X3 design solutions), LEED Green Associate (GA), NAHB Green Professional (CGP), NAHB Graduate Builder (CGB), Universal Design and Accessability student and Certified Aging in Place Specialist (CAPS), Advanced Historic Home Specialist certified by Preservation Dallas..........EdgyDad is Biff Bailey of Dallas, Texas

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Real Estate Center Announces January MLS Data

Median price for Dallas up 7%! Sales down 8%:( See my post for more comment and link to the article.

Last Update: 2012-07-04 11:22:19

p>These are January numbers. Median prices can be deceptive especially without information on median SF and property type. Nonetheless we'd all rather it were up rather than down. Great!

Volume down 8%. Not so good. Inventory 6.4 months, not so bad. Caveat is to watch out for shadow inventory (I recall foreclosure postings are up) and pent up supply (seller's holding off market waiting for improvement.)

Here's the article from The Real Estate Center at A&M. Their link is in the article.

TEXAS HOME SALES, MEDIAN PRICES UP

COLLEGE STATION (Real Estate Center) – Some 10,628 existing single-family homes were sold in Texas last month, according to the most recent Multiple Listing Services (MLS) data compiled by the Real Estate Center at Texas A&M University. That's a 2 percent increase over a year ago.

The median price was also up 2 percent from January 2010, at $139,100. There was a 7.3-month inventory.

January 2011 MLS data for many Texas cities (current as of today) are available on the Center's website. Here is a sampling:

  Sales Change from
Last Year
Median
Price
Change from
Last Year
Months'
Inventory
Amarillo 122 up 14% $122,700 down 6% 6.9
Austin 1,066 up 8% $186,300 up 6% 5.6

Corpus
Christi

175 up 11% $128,500 up 2% 9.8
Dallas 2,043 down 8% $150,100 up 7% 6.4
El Paso 339 up 34% $127,900 down 2% 6.6
Fort
Worth
407 down 12% $105,000 up 2% 6.8
Harlingen 56 down 20% $76,000 down 11% unavailable
Houston 3,085 up 8% $136,600 down 4% 7.4
Lubbock 135 down 3% $110,000 up 2% 7
Odessa 50 up 56% $136,700 up 16% 4
San Angelo 63 up 7% $118,900 up 40% 6.3
San Antonio 951 up 11% $143,900 up 4% 7.7
Temple-
Belton
77 down 9% $125,000 up 19% 8.1
Tyler 143 down 11% $120,600 down 13% 12.6
Wichita
Falls
80 down 10% $90,000 up 3% 7.8
Texas 10,628 up 2% $139,100 up 2% 7.3

 

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