Sales were off

Single-Family:

Sales were down by 4% and the pending sales 17%. At this time it looks like this drop was in new construction. The average sales price jumped 16% and the median sales price increased by 15%. The number of new listings declined  45%. The active listings fell 6%. This caused a decline in the months of inventory to 1.2 months. 6 months is considered a balanced supply.

Sales: 82

Average Sales Price: $295,162

Median Sales Price: $282,500

Pending Sales: 81

New Listings: 79

Active Listings: 127

Months of Inventory: 1.2

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