Well sales were down by 26% in June and pending sales fell 7%. It looks like some new construction was delayed combined with a shortage of supply causing these declines. The average sales price rose 14% while the median sales price was up by 17%. The number of new listings fell 37% while the active listings dropped 18%. The months of Inventory now stands at 1.3 months. 6 months is considered a balanced market.5
Sales: 95
Average Sales Price: $275,421
Median Sales Price: $265,500
Pending Sales: 96
New Listings: 95
Active Listings: 134
Months of Inventory: 1.3
Information provided by The Real Estate Center at Texas A&M
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