Sales were up a small 25%. The average sales price increased 10% while the median sales price rose 3%. Pending sales climbed 6%. There was a nice jump of 9% in the number of new listings and the active listings increased 13%. We really need more homes on the market! The months of inventory now stands at 2.8 months. This is well short of the 6 months that is normally considered a balanced supply/demand number. It's a Seller's Market.
Sales: 99
Average Sales Price: $432,938
Median Sales Price: $375,000
Pending Sales: 95
New Listings: 131
Active Listings: 250
Months of Inventory: 2.8
Information provided by The Real Estate Center at Texas A&M
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