Single-Family:
Sales were flat in June as compared to last year. The average sales price increased 14% as did the median sales price. Pending sales experienced a 23% decline. not sure why this occurred. The number of new listings fell 18% and the active listings dropped 18%. The months of inventory declined to 1.4 months.
Sales: 299
Average Sales Price: $308,114
Median Sales Price: $277,000
Pending Sales: 214
New Listings: 303
Active Listings: 318
Months of Inventory: 1.4
Leases:
Leases declined by 14%. The average rent rose 9% and the median rent was up by 6%. Pending leases jumped 103%. The number of new listings dropped by 3% and the active listings fell by 23%. The months of inventory declined to 0.9 months.
Leases: 114
Average Rent: 1,812
Median Rent: $1,700
Pending Leases: 69
New Listings: 138
Active Listings: 77
Months of Inventory: 0.9
Information provided by The Real Estate Center at Texas A&M.
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