Single-Family:

Sales were up 2% for June as compared to last year. The average sales price increased 3% while the median sales price rose 8%.Pending sales climbed 11%. New listings rose 9% but there was a huge jump of 43% in the number of active listings. This large increase pushed the months of inventory up to 2.5 months. While it’s nice to see more inventory on the market, it’s still very much a seller’s market with inventory levels well below the 6 months that is considered a balanced supply/demand.

Sales: 461

Average Sales Price: $399,592

Median Sales Price: $371,000

Pending Sales: 407

New Listings: $573

Active Listings: 806

Months of Inventory: 2.5

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