November 17, 2021
Real Estate

Texas real estate sales continue to increase, including Jim Wells County

Texas existing-home sales increased 2.5 percent month over month (MOM) to 29,000 transactions in May but remained more than 2,000 sales below peak levels reached at the start of the year, according to the Texas Real Estate Research Center at Texas A&M University.

Locally, the Jim Wells County housing report was 16.7 percent up on the median price from last year at $187,750.  Active listings down 43.2 percent in May totaling 54 listings and closing sales up 14.3 percent from May of last year, according to reports from the Corpus Christi Associates for Relators. 

Statewide the numbers averaged: 

The average home stayed on the market for just one month, a record-low duration since the series started in 1997.

“Mortgage rates are still hovering around 3 percent, and ongoing demographic trends continue to support housing demand,” said Dr. Luis Torres, Texas A&M University research…

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