January 2020 Market Update

Posted by Chip Bubela on Monday, February 17th, 2020 at 4:03pm.

 

We got through the first month of 2020 pretty well, and today I want to share a January real estate market update. I’ll be providing the statistics for the towns of La Grange, Schulenburg, Flatonia, Hallettsville, Columbus, and Weimar. Also, remember: Absorption is the rate at which homes are sold. Here are those stats:

La Grange:

  • Homes sold: 62
  • Absorbed: 5.17
  • Inventory: 3.68 months
  • Average sale price: $186,696

Schulenburg:

  • Homes sold: 24
  • Absorbed: 2
  • Inventory: 4 months
  • Average sales price: $145,716

Flatonia:

  • Homes sold: 18
  • Absorbed: 1.5
  • Inventory: 4 months
  • Average sale price: $122,664

"Knowing these definite numbers allows us to help you make better decisions."

Hallettsville:

  • Homes sold: 20
  • Absorbed: 1.67
  • Inventory: 3.6 months
  • Average sale price: $171,072

Columbus:

  • Homes sold: 47
  • Absorbed: 3.92
  • Inventory: 4.6 months
  • Average sale price: $205,975

Weimar:

  • Homes sold: 23
  • Absorbed: 1.92
  • Inventory: 3.65 months
  • Average sale price: $128,377

The reason we like giving you these statistics is that they tell a story. Knowing these definite numbers allows us to help you make better decisions when buying and selling real estate. We’re currently way under six months of supply, meaning we’re in a seller’s market, which is, of course, good for sellers.

If you’re considering selling, we would love to help you because we need more inventory so our buyers can find the right properties. If you want to speak with us about real estate or have any questions, stop into one of our offices or give us a call. We would love to help with whatever you need.

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