Single-Family:

Well sales were down by 26% in June and pending sales fell 7%. It looks like some new construction was delayed combined with a shortage of supply causing these declines. The average sales price rose 14% while the median sales price was up by 17%. The number of new listings fell 37% while the active listings dropped 18%. The months of Inventory now stands at 1.3 months. 6 months is considered a balanced market.5

Sales: 95

Average Sales Price: $275,421

Median Sales Price: $265,500

Pending Sales: 96

New Listings: 95

Active Listings: 134

Months of Inventory: 1.3

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