Sales data shows September was a strong month for home sales in Southeast Texas. Some key indicators are showing the real estate market is getting back to a balance. Inventory of homes for sale is going down which is good for home sellers.
We are down to the 7.2 month supply of homes for sale. Six months supply is the magic amount that The Real Estate Center at Texas A&M uses to determine when a real estate market is balanced between buyers and sellers. Homes averaged 111 days on the market which is under four months. Another good sign.
These two key factors indicate the real estate market in Southeast Texas is getting stronger and more balanced. More stats to come soon.
If you want any more information about home sales in Southeast Texas just click on the contact button here on the blog. I'll response to all inquiries.