Sales were up slightly

Single-Family:

Sales were up 4% in august as compared to the same tile last year. The average sales price jumped 12% while the median sales price increased 7%. Sales continue to be concentrated in the upper price ranges primarily due to the extreme shortage of properties under $200,000. Pending sales were flat. The number of new listings fell 6%  but the active listings jumped 24%. The increase in active listings is helpful to the over all market but it only caused the months of inventory to increase to 2.2 months. Still very short of the 6 months that is considered a balanced supply/demand.

Sales: 454

Average Sales Price: $ 319,479

Median Sales Price: $279,950

Pending Sales: 261

New Listings: 295

Active Listings: 505

Months of Inventory: 2.2

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