Sales were up!

Single-Family:

After being down last month,sales rose 14% in August as compared to a year ago. The average sales price climbed 11% while the median sales price increased by 10%. Sales continue to be concentrated in the upper price  primarily due to the extreme shortage of home for sale under $200,000. Pending sales declined 12%. Not good for September sales.New listings fell 11% and the number of active listings declined 7%. The months of inventory dropped to 2.1 months.

Sales: 80

Average Sales Price: $374,412

Median Sales Price: $359,450

Pending Sales: 61

New Listings: 86

Active Listings: 138

Months of Inventory: 2.1

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