Tag: marketupdate

Home buyers in May paid 25 percent more for a house than they would have paid one year ago, according to the latest housing report data. The median home price for May 2021 climbed to $295,000, setting another record high.  The continued …

Inventory stayed at 0.9 months, which was 1.4 months less than April 2020. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced. “More sellers are …

Inventory has dropped steadily since the summer of 2020, reaching a new low as it dipped below one month to 0.9 months in February 2021. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market …