Sales rebounded from a down July!
After a down month in July, sales increased by 14% in august as compared to a year ago. The average sales price rose 11% as did the median sales price. Pending sales were up by 3%. The number of new listings climber by 3% while the active listings took a jump up of 28%. This increased the months of inventory to 2.5 months but this is still well short of the 6 months that is considered a balanced market.
Average Sales Price: $431,839
Median Sales Price: $375,500
Pending Sales: 367
New Listings: 420
Active Listings: 784
Months of Inventory: 2.5
Information provided by The Real Estate Center at Texas A&M