NOVEMBER HOME SALES DOWN, PRICES UP

More than 13,700 existing homes were sold in Texas last month, according to newly released data from Texas Multiple Listing Services (MLS). That's a 24 percent drop from November 2009.

Meanwhile, the median price for an existing home increased by 3 percent last month to $146,700, and there was a 7.6-month inventory.

San Antonio Homes sold: 1,249
Compared to last year: down 22%
Average price: $152,900
Compared to last year: up 8%
Months inventory on the market: 8

TEXAS CITIES RANK HIGH IN RECESSION RECOVERY

WASHINGTON, D.C. (Brookings Institution) – Austin, Dallas, San Antonio and Houston were among the top 15 U.S. cities in a global study to determine the level of recovery from the recession.

The report from the Brookings Institution Metropolitan Policy Program ranks 150 cities: 50 in the United States, 50 in Europe and 50 in the rest of the world. Austin was the highest-ranked U.S. city and No. 26 in the world. Dallas ranked fourth in the U.S. and 39th in the world.

San Antonio ranked 11th in the United States and 51st in the world. Houston landed at 15th in the United States and 61st in the world.