TEXAS EXISTING HOME SALES DROP IN FEBRUARY

COLLEGE STATION (Real Estate Center) – Just over 12,000 existing single-family homes were sold in Texas last month, a 10 percent drop from February 2010. That's according to the most recent Multiple Listing Services (MLS) data compiled by the Real Estate Center at Texas A&M University.

The median home price in Texas was up 3 percent from February 2010, at $145,800. There was a 7.2-month inventory.

San Antonio was down 12% with the average price at $146,400.00, which is up 4% from same month last year.

There is currently 7.9 months of inventory on the market (not including shadow inventory held by banks in pre-foreclosure status).