Sales were up 2% for June as compared to last year. The average sales price increased 3% while the median sales price rose 8%.Pending sales climbed 11%. New listings rose 9% but there was a huge jump of 43% in the number of active listings. This large increase pushed the months of inventory up to 2.5 months. While it's nice to see more inventory on the market, it's still very much a seller's market with inventory levels well below the 6 months that is considered a balanced supply/demand.
Sales: 461
Average Sales Price: $399,592
Median Sales Price: $371,000
Pending Sales: 407
New Listings: $573
Active Listings: 806
Months of Inventory: 2.5
Information provided by The Real Estate Center at Texas A&M.
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