Every category up except inventory
Single-Family:
Sales climbed 16% in February. The average sales price increased 2% while the median sales price rose 5%. Needless to say, the sales remain concentrated in the upper price rages because there is just no inventory in the lower ranges. Pending sales jumped 20% so we can anticipate a good sales number in March. The number of new listings increased by 16% but this new supply was quickly absorbed by buyers leaving us with a decline in the active listings of 20%. This dropped the months of inventory to 1.1 months.
Sales : 78
Average Sales Price: $327,429
Median Sales Price: $272,600
Pending Sales: 96
New Listings: 108
Active Listings: 134
Months of Inventory: 1.1
Information provided by The Real Estate Center at Texas A&M
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