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By Tony Stevenson, SWBC Sales of existin

By Tony Stevenson, SWBC
Sales of existing homes rose in July even with constraints of affordable inventory, and the national median price is showing five consecutive months of year-over-year increases, according to the National Association of Realtors (NAR). Monthly sales rose in every region but the West, where inventory remains extremely tight. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, grew 2.3% to a seasonally adjusted annual rate of 4.47 million in July from 4.37 million in June, and are 10.4% above the 4.05 million-unit pace in July 2011.Regionally, existing-home sales in the South, existing-home sales rose 2.3% to an annual level of 1.77 million in July and are 8.6 percent above July 2011. The median price in the region was $162,600, up 6.6 percent from a year ago.
According to the Fbg MLS the avg price of homes in the city was $218,700 with 192 days on the market; in the county the avg price was $350,047 and 204 DOM;acreage and rural subdivisions avg price was $345,687 and 418 DOM.

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August 25, 2012 - Posted by | Fredericksburg TX

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