Here’s what we saw overall for the month of November across the Central Texas market: Average Days on Market is up across the board, as is Month of Inventory which means houses are sitting longer on the market, thereby also explaining Closed Sales being down across the region as well. Median Sales Price comes in with a mix of stagnant, decreasing, and increasing markets, with notable increases in Hays County at 5% ($414,500) and Caldwell County at a 24% increase ($331,000). In addition, Caldwell was the only county to see a rise in Total Sales Volume, with an uptick of 2% at $12,000,000.
The year is coming to a close, and hopefully, so will this market downturn. Here’s hoping for a better new year!
Check out the below snapshot stats summarizing the real estate market for the month of November in the Central Texas region.
