The Herald Banner, Greenville, TX

Top News

November 19, 2012

Local housing market still showing strength

GREENVILLE — The local housing market continued to show strength last month, as sales prices rose sharply when compared to October 2011.

There may be a need to build new homes soon, as Hunt County’s available housing inventory continues to decrease, according to a report released by North Texas Real Estate Information Systems.

The agency provides information management services to more than 23,000 Multiple Listing Services subscribers, including more than 5,000 real estate offices in North Texas.

The average sales price for a new home in Hunt County last month was listed at $112,282, up 3.4 percent from the $108,621 average sales price 12 months earlier.

The median sales price during October was reported at $113,100, representing an increase of 23.3 percent from the $91,700 quoted last October.

For the year to date, the average sales price was up $13.2 percent, with the median sales price increased by 5.4 percent.

There was an inventory of 512 homes for sale in the county during October, representing a dip of 18.3 percent from the 627 homes available for sale one year earlier.

As of October, there was an estimated 8.4 months of inventory of homes for sale in the county, compared to 11.4 months of inventory available in October 2011.

The complete report is available at www.ntreis.net.

1
Text Only
Top News
House Ads
Featured Ads
Poll

Does Dallas head coach Jason Garrett need for the Cowboys to make the playoffs during the 2014 football season to keep his job?

Yes
No
Who knows with Jerry Jones as owner?
     View Results
Facebook
AP Video
US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming Traditional African Dishes Teach Healthy Eating
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Real Estate News