Sales were down!

Single-Family:

Sales took a sharp drop of 20% in September. The average sales price continued to increase and was up 9% while the median sales price increased 10% as compared to this time last year. Pending sales did not do any better being down 20%. The number of new listings fell 18%. The active listings dropped 3%. The months of inventory now stands at 2.3 months. It’s still a Seller’s Market.

As of this writing, there are 7 homes in this area priced under $200,000. If you are a first time home-buyer and looking under $200,000 you really don’t have much to choose from. You can see the entire inventory in about 2 and a half hours.

Sales: 48

Average Sales Price: $379,500

Median Sales Price: $379,000

Pending Sales: 56

New Listings: 80

Active Listings: 148

Months of Inventory: 2.3

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