Sales and pending sales increase!
Sales were up a strong 34% as compared to last year. The average sales price was flat while the median sales price dropped 2%. Just some gyrations in the makeup of the sales. P endings sales jumped 35% so March will come in with a good sales number. There was a good increase of 29% in the number of new listings but the active listings only rose by 11%. This did cause a slight increase in the months of inventory bringing it up to 1.4 months. Still a very short supply and leaving no doubt that it’s still very much a Seller’s Market.
Average Sales Price: $371,344
Median Sales Price: $330,00
Pending Sales: 269
New Listings: 359
Active Listings: 468
Months of Inventory: 1.4
Information provided by the Real Estate Center at Texas A&M.