Trends in Home Sales in Beaumont Texas
October 31, 2016
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
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
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!
Email Diane
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