No let up in sales!
Single-Family:
No sign of any slowdown in Sales in June. Sales rose 7%. The average sales price was up 5% and the median sales price increased 8%. The most active price range continues to be $200,000 to $400,000. This range represents 43.5% of all the sales. Pending Sales jumped 20% so it looks like July will continue the trend. There was a small increase of 3% in the number of new listings and a 1% rise in the active listings. These increased really did nothing to the months of inventory which now stands at 2.4 months. If you are a buyer for anything below $400,000 it's really tough. If you are looking above $400,000 things are a little easier with more inventory available to you.
Sales: 10,857
Average Sales Price: $290,225
Median Sales Price: 237,500
Pending Sales: 10,471
New Listings: 12,987
Active Listings: 19,715
Months of Inventory: 2.4
Information provided by The Real Estate Center at Texas A&M.
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