For more than 25 years, Jerald Turboff has served as the president of Prime Capital Corporation, a real estate brokerage based in Houston. Jerald Turboff has primarily focused on commercial and residential transactions in Texas.

According to a report from the Real Estate Center at Texas A&M University, recent data from the Multiple Listing Service (MLS) indicates that home sales in Texas were 7 percent higher in August 2015 compared to the same month in 2014. The data also showed a more than 7 percent year-over-year increase in the median Texas home price.

In the September 2015 report, the Real Estate Center stated that 29,685 homes sold in Texas in August, which is nearly 1,900 more than the previous year. The report also showed that home sales and prices increased or remained steady year-over-year in all of the state’s major cities, with Dallas and Fort Worth displaying the most improvement.

While home sales in Texas declined from July 2015 to August 2015, the Real Estate Center noted that the decrease in sales is due to the normal seasonal slowdown. The Real Estate Center’s chief economist Dr. Jim Gaines explained that the Texas market remains strong overall, although demand has waned in areas impacted by the energy sector slowdown and low oil prices.