VICTORIA – Both local home prices and sales were up in August 2022, according to Coldwell Banker The Ron Brown Company’s The Swearingen Report.
The average sales price for residential homes was $256,931 for the 12 months ending August 2022, up 9 percent from the same period ending August 2021 when it was $235,824.
Median sales price was also up, increasing 6.7 percent from $215,500 in the 12 months ending August 2021 to $230,000 in the same period 2022.
Total residential sales in the Victoria Multiple Listing Service were 1,262, up 3.7 percent from the same period in 2021. Activing listings also increased 15.2 percent to 257 in the 12 months ending August 2022.
Total building permits ticked up to 185 in the 12 months ending August 2022.
Months of inventory increased 19 percent to 2.5 months. The Texas Real Estate Research Center considers six to 6.5 months of inventory a balanced market.
The Texas Real Estate Research Center has more Victoria housing news online for free:
Source: Coldwell Banker The Ron Brand Company