No Slowdown Around Here!

Single-Family:

Sales climbed 11% in September as compared to a year ago. The average sales  increased 10% while the median sales price rose 12%. Sales continue to be concentrated in the $200,000 to $399,999 price range.

Pending Sales were off by 1%. This doesn’t look like anything to be concerned about. New listings increased 2% but the number of active listings fell 3%. The months of Inventory now stands at 2.3 months. Inventory remains a problem with buyers having an extremely hard time finding a house to purchase.

Sales: 9,537

Average Sales Price: $277,440

Median Sales Price: $225,000

Pending Sales: 8,546

New Listings: 10,314

Active Listings: 20,054

Months of Inventory: 2.3

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