Sales took a big jump!

Single-Family:

Sales rose a whopping 25% in September as compared to a year ago. The average sales price increased 14% while the median sales price climbed 10%. Pending sales did drop 1%. The number of new listings increased 10% and the active listings were up 15%. Unfortunately these increases only caused the months of inventory to rise to 1.4 months still well short of the 6 months that is considered a balanced market. It’s still very much a Sellers Market.

Sales: 220

Average Sales Price: $288,063

Median Sales Price: $241,250

Pending Sales: 178

New Listings: 193

Active Listings: 212

Months of Inventory: 1.4

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