Waco Residential Market Reports—August 2009

August does it.  It outshines both June and July 09. Yes, still doesn't measure up to last year, but I really like the fact that we held steady and even beat the prior 2 months. Around mid month, things were looking very slow for August, but all of the end of month sales wrapped up the month to be a little better than the prior 2.

Things do slow down typically this time of year in any market, so look for a typical decrease in sales heading into the fall. 

Please take note of average and median prices. Our market shows to be stable. I believe the growth and job opportunities in our area are contributing to a great overall market which is here to stay and only get better.

Here are the figures:

August 2009**

Residential Sales: 221

Median Sales Price: 110,900

Average Sales Price: 131,601

August 2009*

Residential Sales: 260

Median Sales Price: 109,400

Average Sales Price: 122,100

July 2009**

Residential Sales: 213

Median Sales Price: 117,000

Average Sales Price: 125,188

June 2009**

Residential Sales: 219

Median Sales Price: 128,000

Average Sales Price: 154,078

*Information gathered from The Real Estate Center Website. on 09/08/09.

**Information gathered from the Waco MLS on 09/08/09. These figures may change while all sales for the month of July may not yet be reported.

This information is deemed reliable but cannot be guaranteed. Use at your own risk.