"It is hard to argue with numbers."
These Southeast Texas home sales figures speak for themselves. In September, 120 single family homes closed. The median price was $120,000. Beaumont, Texas median home prices (I add Texas because there is a Beaumont, California for those of you who didn't know...) have fallen as of late. Translation: More activity in the lower price points than the higher price points.
The highest median home sales price for all Southeast Texas areas went to Beaumont's W6 neighborhoods. Just two sales make up that median price though so don't read too much into it. W4 had ten sales with a median price of $233,200.
The Southeast Texas housing market offers great opportunity for home buyers as rates continue to be at all time lows and inventory levels remain above the historic norms. If you have ever thought about buying an investment home what are you waiting for? That loud thumping you hear is opportunity knocking!