November 7, 2011
By Missy Stagers
Number of homes for sale: 10776
Number of homes sold: 1178
Average days on the market for sold homes: 146 days
Median price of homes currently for sale: 182,500
Median price of homes sold: 145,500
The market is fairly stable. With mortgage rates remaining lower than they were in the 1950’s, it really is a good time to buy. Our local economy seems to be maintaining jobs with the recent influx of oil and gas businesses due to the eagle ford shale. All though traditionally things this time of year tend to slow down we are hopeful for a good first quarter moving into next year.