Sales increased by 8% in June. The average sales price rose 13% while the median sales price climbed 10% as compared to last year. Pending sales were up by 11%. We did see a jump of 10% in the number of new listings and a 25% increase in the active listings. While its good to see more inventory coming on line, these increased only took the months of inventory to 2 months.
Sales: 414
Average Sales Price: 400,425
Median Sales Price: $342,000
Pending Sales: 366
New Listings: 522
Active Listings: 593
Months of Inventory: 2
Information provided by The Real Estate Center at Texas A&M
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