Looking Back on the 2018 Market
Well, it’s 2019: That means it’s time for us to take a look back at how the real estate market here in Central Texas fared in 2018.
Today I wanted to take a little bit to look back on how the market did in 2018, with specific attention to residential home sales.
In 2018, home sales were up. The median sales price went up to about $310,000 on average, versus $299,000 in 2017. We made a nice improvement there.
The number of sales was also up across the board by almost 1,000—there were 32,400 sales in 2018, whereas there were about 31,400 in 2017.
The number of active listings was also up year over year in eight of the 12 months in 2018.
Interestingly enough, the average days on market was also...