April 2017 Market Update

Posted by Katie Langthorn on Monday, April 10th, 2017 at 7:10pm.

 

 In summary, our market in Bryan-College Station is continuing to grow and blossom!  It's getting hot, as it always does this time of year & March was no different.  

 

The majority of our home prices are under $299,999, with a median price at $214,500.  This average price is evidence of further appreciation, up 9.2% compared to March of last year.  As in previous years, we are very much in a seller's market - inventory is an indicator to determine this.  Months of inventory is how long homes would last on the market if no more listings were added and the rate homes sell based on the last 12 months as an average.  Compared to this time last year, our months of inventory is up 23% at 3.2 months, which is evidenced by our active listings also increasing by 25.7%.  At the same time, the number of closings has also increased 21%.  Meanwhile homes are sitting on the market a little bit longer than usual, 89 days from listing to closing.

 

Considering selling your home?  Call me on my cell phone (281) 850-7743 to schedule a no obligation FREE Market Value Consultation!

Ready to purchase but not sure where to start?  Give it a shot with my blog series, Home Buying 101.   




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Katie Langthorn  |  Real Estate Agent, REALTOR® 

C: 281.850.7743  |  O: 979.703.1979  |  F: 979.703.1980

3091 University Dr. E. #230  |  Bryan, Texas 77802

www.TM5Properties.com  |   www.facebook.com/katielangthornrealtor

Your Source for Bryan/College Station Real Estate

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