Sales were up by 2% in October. The average sales price rose by 12% and the median sales price by 8%. As in previous months sales have been skewed to properties in the higher price ranges.
Pending Sales jumped 21%. November sales will be good. New listings increased by 17%. Active listings rose by 19%. While more inventory came on the market, the months of inventory only climbed to 1.5 months, still very short of a balanced supply of 6 months.
Sales: 316
Average Sales Price: $350,599
Median Sales Price: $290,000
Pending Sales: $331
New Listings: 359
Active Listings: 462
Months of Inventory: 1.5
Information provided by The Real Estate Center at Texas A&M
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