Realestate Recovery

By Susan Hilton

Real Estate Agent with CENTURY 21 Beal, Inc.

September 05, 2012 07:45 AM

The statistics for 2012 are in for up to the month of July from the Texas A&M Real Estate Center for the Bryan-College Station.
While the statistics are broad and can be confusing, the overall trend suggests that the real estate market is growing and recovering.
Overall real estate sales have been growing steadily between January and July.
This, however, is a general trend in real estate sales, so there is little hope that this growth will continue for the next several months.
But comparing monthly sales between the 2012 year-to-date and the previous two years suggests that an overall growth is in progress.
Overall sales for 2012 surpassed 2011 and 2010 during the monthly peaks, between May and July.
2011 sales also surpassed 2010 overall sales, showing a consistent yearly growth.
Number of sales is similar to overall sales, although the years tend to mix more frequently.
Meanwhile the types of homes selling suggest an interesting trend: as the average cost of sold homes has increased between 2010 and 2012.
The trend in costs is the lower the higher percentage of homes are selling.
There is little trend in the type of unit of real estate, however, since the amount of sold units appear proportional to the amount of that type of unit on the market.
Thus the overall trend suggests that the real estate market is growing and recovering.