ROCKPORT – While area home sales were down so far this year, median home prices saw a double-digit increase, according to Coldwell Banker The Ron Brown Company’s The Swearingen Report.
Residential property sales—including townhomes, condos, and single-family homes—totaled 648 for the 12 months ending August 2022. That’s down 10 percent from last year.
Total dollar value also dropped, falling 1.1 percent to about $284.7 million.
The median sales price for residential homes was $349,900 for the 12 months ending August 2022, up 11.5 percent from the same period ending August 2021 when it was $313,890.
Average sales price was also up, increasing 9.9 percent from $399,780 in the 12 months ending August 2021 to $439,166 in the same period 2022.
Activing listings increased 18.3 percent to 155 in the 12 months ending August 2022.
Months of inventory improved significantly, increasing 40.9 percent to 3.1 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