April was the first full month of the lock down so the numbers are a little skewed.

Prices up sharply!

Sales were up 40% compared to last April. Pending sales jumped 52%. The average sales price rose 40% while the median sales price climbed 26%. New listings came in 29% higher but with all the sales the number of active listings declined by 79% taking the months of inventory down to 0.4 months. Supply is very tight and there are a lot of buyers out there competing for the same house. Eventually this shortage will start to effect sales.

Sales: 329

Average Sales Price: $644,288

Median Sales Price: $512,540

Pending Sales: 411

New Listings: 473

Active Listings: 148

Months of Inventory: 0.4

Information provided by The Texas Real Estate Center

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