Patrick Kavanagh KRI Property | Bryan-College Station real estate a seller’s market
Agencies struggle to meet high demand, particularly for homes in the $150,000 to $200,000 range It's a seller's market in Bryan-College Station , specifically for homes under $200,000, though it's following a statewide trend of inventory struggling to keep up with the high demand for that type of housing. While a Texas home is staying on the market for 55 days on average -- the fastest turnover on record since the Real Estate Center at Texas A&M started keeping track in 2011 -- limited inventories dragged statewide housing sales down about 6 percent in April. Homes priced less than $200,000 made up nearly 60 percent of that sales decline, with sales for that price range falling almost 10 percent. A report released Thursday from the Real Estate Center notes the lack of supply of affordable homes across Texas, an issue the cities of Bryan and College Station have been trying to tackle for years. Luis Torres, a trend research economist with the Real Estate...
Comments
Post a Comment