MLS area 39 in Montgomery County is the area around our fantastic Lake Conroe. Unfortunately sales have not been quite as wonderful. Single family residence (SFR) unit sales were down 26.8% as compared to last September. The big gain though was in the average sales price. The average sales price jumped an astounding 35%. I think that some really expensive homes sold in September. That amounted to an almost $80,000 increase in the average home sales price.
Year-to-date SFR unit sales are down 9.5% as compared to 2009. At the end of September there were 215 more homes on the market as compared to last year. There was 8.5 months of inventory available.
Although sales in this area have not been what any of us would like prices have held their own. Year-to-date, both the average and median sales prices are up over last year. Property on or near the water tend to hold value so please if you are thinking about buying I would suggest doing so now.
Have a great week.
Ron
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