If you live in Southeast Texas, then you have likely heard that the Lumberton housing market has been on fire this year. Homes are selling fast and prices keep going up. Here's a look Hardin County home sales for November 2020.
The key housing statistics that stand out:
- The median price of a home in Hardin County is $197,000
- 22.4% of homes that closed were sold for $300,000 and up
- Homes averaged 86 days on the market
- There is a real shortage of homes for sale.
A six month supply of homes for sale is considered a balanced market. In November, Hardin County had a 3 month supply of homes for sale. Fewer homes equals more competition among buyers and higher prices.
If you have any questions about home sales in Lumberton or any part of Southeast Texas, send me a message, call or text. I'm here to help with all your Southeast Texas real estate needs.