Bryan/College Station December 2018 Market Update

Posted by Katie Langthorn on Friday, December 21st, 2018 at 5:50pm.

 

 

It’s important that whomever you hire to sell your home studies our current market data, like the statistics released in December 2018.  As I’ve mentioned before, my time in undergraduate studies was devoted to the sciences.  What that means for you is when we work together, I will use the latest information available.

 

Here are the statistics for November in 2018:

  • Median price of homes INCREASED 9.5% compared to this time last year, to $218,950
  • Inventory is UP 21.1% compared to 2017
  • Percentage of closings is UP 2.7%
  • Number of days on Market UP vs 2017 (105 in 2018 vs 98 in 2017)
  • Months of inventory INCREASED to 4.6 months (vs 3.8 in 2017)

In summary, properties are appreciating; do not hesitate to utilize your growing equity!  Due to the influx of new construction, inventory has risen.  Typical for this time of year, and expected from our inventory level, the number of days from contract to close has risen 4 days. This has affected our months of inventory, now at 4.6 months.  On a positive note, the percentage of closings is up which means it’s still a great time to sell & I have to market differently.

Take a look at the exclusive listings I’ve SOLD. When you are ready to discuss how these current statistics affect you, I appreciate the opportunity to earn your trust and business.  I’d like to share with you what I have done for others and the value I bring to our partnership.  TM5 Properties is the #1 Independent Brokerage in town, and as an ex-athlete, I promise no one will work harder on your behalf.  Call my cell directly at 281-850-7743.


You can see more information like this on my personal website!


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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

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