An inside look at the residential real estate market in Southeast Texas including: the hottest neighborhoods, proven home selling strategies, home buying and negotiating tactics, median prices by neighborhood, average days homes are on the market, and professional advice on how to get the best deal when buying or selling a home.

New Home Construction Costs in Beaumont, TX
Beaumont Home Sales. Median Price Up 18% in October 2016

Trends in Home Sales in Beaumont Texas

I can't take credit for the post on the blog today.  The credit goes to The Real Estate Center at Texas A&M.  They keep track of home sales for the entire state of Texas.   The charts shown below are for Beaumont, Texas.

Interesting Chart #1

2016 3 years monthly sales

If you would have asked me I would have thought 2016 had the highest number of home sales out of the past three years.  Right now that's wrong.  2015 is leading in the total number of home sales in Beaumont.

August 2016 has been the month with the largest number of sales for the three year period.  Maybe that's why I couldn't keep up in August!  It was a busy month for sellers.  It is unlikely October, November or December 2016 will beat August either.  We are in the typical seasonal fall slow down

  • Slowest months for selling a home are November, December, January and February.

Interesting Chart #2

2016 Monthly Sales

Top of chart

 

Here's the month by month home sales.  This isn't home sales for all of Southeast Texas.  The data on the chart is for Beaumont Home Sales.  

  • If you are thinking about selling your home, there is no reason to wait.  Even though we are in the slower months of the year, there is very low inventory on the market.  
  • 3.6 months supply is the lowest number of homes we've had on the market all year.
  • Contact me for a free professional market analysis.  Your home might be worth more than you think!

October home sales should be published by the Beaumont Board of REALTORS(c) soon.  Check back on the blog later this week.  

Happy Halloween! 

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