Sales were up. Pending Sales took a big Jump. It’s still a Seller’s Market.

Single-Family:

Sales were up by 2% in October. The average sales price rose by 12% and the median sales price by 8%. As in previous months sales have been skewed to properties in the higher price ranges.

Pending Sales jumped 21%. November sales will be good. New listings increased by 17%. Active listings rose by 19%. While more inventory came on the market, the months of inventory only climbed to 1.5 months, still very short of a balanced supply of 6 months.

Sales: 316

Average Sales Price: $350,599

Median Sales Price: $290,000

Pending Sales: $331

New Listings: 359

Active Listings: 462

Months of Inventory: 1.5

Information provided by The Real Estate Center at Texas A&M