Single Family:
Sales were up by 25% in November. The average sales price jumped by 21% while the median sales price climbed by 17%. Pending sales were up by a strong 23%. The number of new listings declined by 1% while the number of active listings was down by 5%. The months of inventory remains very low and stands at 1.9 months.
Sales: 81
Average Sales Price: $427,003
Median Sales Price: $ 350,000
Pending Sales: 80
New Listings: 71
Active Listings: 191
Months of Inventory: 1.9
Condos and Townhouses:
Condo and townhouse sales were up by 32%. The average sales price increases by 14% while the median sales price jumped by 25%. These increases in sales prices indicate more sales in the upper price ranges. The Pending sales increased by 67%. New listings were down by 19% and the number of active listings declined by 36%. The months of inventory now stands at 1.4 months.
Sales: 33
Average Sales Price: $161,975
Median Sales Price: $140,000
Pending Sales: 35
New Listings: 34
Active Listings: 63
Months of Inventory: 1.4
Leases:
The number of new leases declined by 24%. The average rent fell by 4% while the median rent was off by 10%. It looks like the declines in rent was due to more of the smaller properties rent this month. The pending leases increased by 64%. The number of new listings was down by 6% and the number of active listings was off by 28%. The months of inventory now is at 1.4 months.
Leases: 31
Average Rent: $1,523
Median Rent: $1,350
Pending Leases: 18
New Listings: 44
Active Listings: 63
Information provided by The Real Estate Center at Texas A&M
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