Median sales price (half of all homes sold are priced higher and half are priced lower) in July 2010: $154,400, statistically unchanged from July 2009
Median sales price for 2010 (year-to-date estimate): $147,000, statistically unchanged from same period in 2009
Average sales price in July 2010: $207,600, up 7% from July 2009
Average sales price for 2010 (year-to-date estimate): $191,500, up 7% from same period in 2009 Source: Real Estate Center at Texas A&M University
Comparison to states that had rapid rises and drops in values
California median sales price in July 2010: $268,000, down 45% from the market peak of 484,000 in early 2007. Texas median sales price during that time period is up 7% ($154,400 in July 2010 compared to 144,500 in March 2007)
Arizona median sales price in July 2010: $134,900, down 49% from the market peak of $264,800 in July 2006. Texas median sales price during that time period is up 3% ($154,400 in July 2010 compared to $149,600 in June 2006)
Florida median sales price in July 2010: $138,000, down 46% from $257,800 in July 2006. Texas median sales price during that time period is up 3% ($154,400 in July 2010 compared to $149,600 in June 2006) Sources: Florida REALTORS®, Arizona Regional MLS, DQNews.com
National home sale prices
National median sales price in July 2010: $183,400, up 0.9% from July 2009 Source: National Association of REALTORS®
Home price appreciation
The median number of years Texans own their homes is 7
The median home sales price in Texas has increased $20,900 from July 2003 to July 2010
The average home sales price in Texas has increased $40,700 from July 2003 to July 2010 Source: Real Estate Center at Texas A&M University
Texas home sales
Total sales in 2009: 213,224, down 8% from 2008
Total sales in July 2010: 16,729, down 25% from July 2009
Months of inventory (how long it would take at the current rate to sell all homes on the market) in July 2010: 8 months, up 1% from July 2009 Source: Real Estate Center at Texas A&M University
Mortgage rates
30-year fixed-rate mortgages for the week ending August 20, 2010: 4.55%
30-year fixed-rate mortgages in August 2008: 6.48%
30-year fixed-rate mortgages in October 1981: 18.45% Sources: Mortgage Bankers Association
Loan amount with an $800 payment on a 30-year 4.59% loan: $156,968
Loan amount with an $800 payment on a 30-year 6.48% loan: $126,832
Loan amount with an $800 payment on a 30-year 18.45% loan: $51,818
Foreclosures
Texas was 30th on the list of national foreclosure rates for July 2010
In Texas, 1 in 819 properties had some type of foreclosure filing on it. In Nevada, that number is 1 in 82; Arizona is 1 in 167; Florida is 1 in 171; and California is 1 in 200
Foreclosures in Texas decreased 2.9% from July 2009 and are down 3.68% from June 2010 Source: RealtyTrac
