Sales were up. Pending sales increase. It's very much a Seller's Market
Single-Family:
Sales jumped 31% in March as compared to a year ago. The average sales price declined by 3% but the median sales price rose by 3%. Just some gyrations in the markup of the sales. Pending sales were up by 21% so April looks like it will be a good month. The number of new listings was up by a nice 12% and the active listings were also up by 12%. However these increases only cause the months of inventory to rise to 1.5 months. Still very much into Seller's territory.
Sales: 92
Average Sales Price: $364,969
Median sales Price: $359,000
Pending Sales: 81
New Listings: 84
Active listings: 101
Months of Inventory: 1.5 months
Information provided by The Real Estate Center at Texas A&M.
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