Sales down. prices jump up.
Home sales declined 9% compared to last September. Pending Sales took a 19% hit. The average sales price rose 28% while the median sales price increased 23%. No help from new listings down 1%. Active listings were off by 41%. The months of inventory now stands at 0.6 months. 6 months is considered a balanced market.
Average Sales Price: $509,178
Median Sales Price: $460,000
Pending Sales: 245
New Listings: 232
Active Listings: 143
Months of Inventory: 0.6 months
Information Provided by The Texas Real Estate Center
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