Sales were off slightly but pending sales took a huge jump

Single-Family:

Sales in February declined by 3% as compared to this time last year but pending sales jumped up by 86%. The average sales price rose 12% while the median sales price increased by 6%. The number of new listings took a nice rise of 37% and the active listings increased by 2% but the increase in pending sales sucked up the addition supply leaving the months of inventory flat at 1.4 months.

Sales: 38

Average Sales Price: $329,282

Median Sales Price: $307,500

Pending Sales: 78

New Listings: 89

Active Listings: 101

Months of Inventory:  1.4

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