Sales increased. New listings up!
Sales of single-family homes were up 6% as compared to a year ago. The average sales price rose 2% and the median sales price also was up by 2%. The pending sales jumped 22% so it looks like April will be a good months for sales. The number of new listings increased by 10% while the active listings climber by 44%. While it’s good to see these increases, the months of inventory only moved up to 1.5 months. Still very short of the 6 months that’s considered a balanced supply. It’s still very much a Seller’s Market.
Average Sales Price: $316,038
Median Sales Price: $284,500
Pending Sales: 284
New Listings: 303
Active Listings: 332
Months of Inventory: 1.5
Information provided by The Real Estate Center at Texas A&M.