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.

Sales: 255

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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