Sales took a nice jump. More inventory!
Single-Family:
Sales increased by 21% from a year ago. The average sales price was flat while the median sales price declined 2%. A little moderation in the price increase? Or just a pause? Probably just a pause.
The pending sales rose 12%. there was a nice 18% increase in the number of new listings and a 48% increase in the active listings. These increases raised the months of inventory to 1.3 months. while this is helpful, we are still a long way from a balanced 6 month supply. Seller's still have the advantage.
Sales: 289
Average Sales Price: $358,521
Median Sales Price: $310,000
Pending Sales: 304
New Listings: 392
Active Listings: 397
Months of Inventory: 1.3
Information provided by The Real Estate Center at Texas A&M
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