Video: Real Estate Community Tour for Hudson Oaks, TX
See Real estate community tour for Hudson Oaks, TX
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 6% from one year earlier, and down 6% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 440-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 42%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 310-thousand dollars. The number of units sold decreased 20% year-over-year, and increased 100% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.