Prices up. Inventory down

Sales shot up 26% compared to last May. Pending sales however fell by 3%. The average sales price increased 24%. Median sales price came in 23% higher. We actually saw an 8% increase in the number of new listings, but with all the sales that was not enough to keep the active listings from fall 61%. The months of inventory now stands at 0.5 months. That means that at current levels of buying, we would run out of home in 15 days.

Sales: 170

Average Sales Price: $405,569

Median Sales Price: $366,90

Pending Sales: 195

New Listings: 214

Active Listings: 77

Months of Inventory: 0.5 months

Information provided by The Texas Real Estate Center

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