Sales were off
Single-Family:
Sales were down by 4% and the pending sales 17%. At this time it looks like this drop was in new construction. The average sales price jumped 16% and the median sales price increased by 15%. The number of new listings declined 45%. The active listings fell 6%. This caused a decline in the months of inventory to 1.2 months. 6 months is considered a balanced supply.
Sales: 82
Average Sales Price: $295,162
Median Sales Price: $282,500
Pending Sales: 81
New Listings: 79
Active Listings: 127
Months of Inventory: 1.2
Information provided by The Real Estate Center at Texas A&M
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