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More home sales information coming your way
Today, let's look at Hardin County home sales data for the month of May. There is good news in Lumberton, and all of Hardin County. Home sales prices are way up to a median price of $219,725. That's a jump of 31.2% since last May.
"Seems like an anomaly doesn't it?"
I don't think prices have gone up 31.2% in a year. There is another factor to look at and that is the decrease in sales. Sales are down 44.9% from last May.
That's likely an anomaly also. From what I can gather looking at the data sales are off the normal May sales pace. Not to surprising given the last few months of Covid, Quarantine, Shut Downs, etc.
What to make of all this-
If you are looking to buy or sell in Lumberton it is important to know your specific neighborhood sales data. Call it the micro data. You will need an experienced Realtor with access to the MLS to help you with that. I'm hear to help if you are ready to buy or sell a home in Lumberton or any part of Southeast Texas.
Top Agents always know what's happening in our local markets. That's why I've been waiting for this report to be released by the Beaumont Board of Realtors. It shows what I've been seeing and thinking.
The market was slow in May.
Take a look at points 1, 2 and 3 on the image above.
Should we really be surprised with everything that has happened in the past few months. Covid. Social Distancing. Business Closures. They all have an impact on home sales.
Don't despair. It is not all doom and gloom. It's just an accurate look at what happened in the Beaumont housing market in May.
If you are thinking of buying a home in Beaumont, Texas (not to be confused with Beaumont, CA) this is probably your best opportunity in months. There is less competition among buyers for some really good houses.
If you are thinking about selling a home it is still a good time to sell (with patience). There is still a low level of inventory. Strategic Pricing and Marketing is more important than ever.
I'm still waiting on the typical summer home sales surge. Maybe it will happen in June. If you have any questions about real estate in Southeast Texas ask me.