Bryan and College Station Real Estate News

College Station real estate, October Statistics

  

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Real estate sales in College Station and Bryan, Texas both declined in October.  October was the second slowest month of the year (January being the slowest) and showed a total of 126 homes sold (same number of units as 2007 but sharply down from 2006) with a volume nearly 4 million lower than last year.  Total sales volume for 2008 year to date is 2,239 units.

Interestingly the news isn't all bad for sellers as our average days on the market is down sharply from this time of year for both 2006 and 2007.

Our average sales price was $168,820.

In 2006 the sales flattened after September with October, November, and December having extremely low volume in contrast to other months.  Interestingly in 2007 sales in October were actually much lower than sales in November and December.  If this trend continues this year it could result in Bryan and College Station having a higher sales volume than in 2006 or 2007.

The take away?  Homes are still selling with good homes being on the market less time total than in previous years.  One of the homes I put on the market recently was on for less than 4 days before it had an offer only two percent lower than full asking price.