Single-Family:

Sales were up 7% in October. The average sales price rose 9% while the median sales price climbed 12%.

Pending sales were off by 8% so we could see a negative sales number next month. Pending sales declined 5% but the active listings took a 23% jump up.  This increase in the active listings caused the months of inventory to rise to 2 months. With 6 months normally considered a balanced supply, we are still very much in a Sellers Market.

Sales: 202

Average Sales Price: $330,034

Median Sales Price: $305,000

Pending Sales: 217

New Listings: 262

Active Listings: 472

Months of Inventory: 2

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