Sales were up 7% in October. The average sales price rose 9% while the median sales price climbed 12%.
Pending sales were off by 8% so we could see a negative sales number next month. Pending sales declined 5% but the active listings took a 23% jump up. This increase in the active listings caused the months of inventory to rise to 2 months. With 6 months normally considered a balanced supply, we are still very much in a Sellers Market.
Sales: 202
Average Sales Price: $330,034
Median Sales Price: $305,000
Pending Sales: 217
New Listings: 262
Active Listings: 472
Months of Inventory: 2
Information provided by The Real Estate Center at Texas A&M
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