Sales took a big jump!
Single-Family:
Sales rose a whopping 25% in September as compared to a year ago. The average sales price increased 14% while the median sales price climbed 10%. Pending sales did drop 1%. The number of new listings increased 10% and the active listings were up 15%. Unfortunately these increases only caused the months of inventory to rise to 1.4 months still well short of the 6 months that is considered a balanced market. It's still very much a Sellers Market.
Sales: 220
Average Sales Price: $288,063
Median Sales Price: $241,250
Pending Sales: 178
New Listings: 193
Active Listings: 212
Months of Inventory: 1.4
Information provided by The Real Estate Center at Texas A&M
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