It is a common occurrence. Home sales slow in September. This year is no different, except they slowed more than they have the past several years.
The chart below shows the top five areas for single family home sales in Southeast Texas for the month of September.
Here's a few September's gone by:
- 2010 = 124 home sales
- 2009 = 146 home sales
- 2006 = 228 home sales
See that! That's a 50% reduction in the number of homes that sold in September 2006 to September 2011. If you read much about real estate then you are aware 2006 is considered the peak of the market. I wonder if we will look back in a few years and call 2011 the bottom of the real estate market.
One other thing to take note of is that the average days a home spends on the market in Southeast Texas is 121. If you are thinking about selling your home you will want to keep that in mind. 4 months is the average.
If you want to know more about the Southeast Texas real estate market or single family home sales in Beaumont, Texas contact me. Its easy. Call, text, or click the link on the blog. If I don't know the answer to your real estate question I will do my best to find out.