Sales were up!
Single-Family:
After being down last month,sales rose 14% in August as compared to a year ago. The average sales price climbed 11% while the median sales price increased by 10%. Sales continue to be concentrated in the upper price primarily due to the extreme shortage of home for sale under $200,000. Pending sales declined 12%. Not good for September sales.New listings fell 11% and the number of active listings declined 7%. The months of inventory dropped to 2.1 months.
Sales: 80
Average Sales Price: $374,412
Median Sales Price: $359,450
Pending Sales: 61
New Listings: 86
Active Listings: 138
Months of Inventory: 2.1
Information provided by The Real Estate Center at Texas A&M
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