What a month! Seems like this real estate rollercoaster still has a few loops in store for us!
Here’s what we saw overall for the month of August: Overall increase in median sales price ranging from a 3% increase to about 9%, although Bastrop threw us a curve ball with a 20% increase! Closed sales are down across the board, except for Caldwell increasing a whopping 91%. Average Days on Market and Months of Inventory have gone up while Total Sales Volume has taken a dip.
With the feds increasing the interest rate yet again, this shift in the market isn’t going anywhere anytime soon.
Check out the below snapshot stats summarizing the real estate market for the month of August in the Central Texas region.
