Real Estate Market on the Rise

December 3, 2009 - According to MLS data compiled by the Real Estate Center at Texas A&M University, there was a 15 percent increase in home sales in October 2009 compared to October 2008.

The median price rose 1 percent to $143,300 during the same period, and the state finished the month with a 6.9-month inventory of existing homes.

With this rise in home sales, this is great news for the Real Estate Market.  The increase could be contributed to the First Time Home Buyer Tax Credit, which has been extended to April 30, 2010.

For the DFW area, Dallas saw a 12 percent increase in home sales in October 2009 compared to October 2008.  Fort Worth saw a 8 percent increase.

For addition information and home data, visit the Texas Real Estate Center by clicking here.

For more information about Texas Mortgage and Real Estate News, click here.

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