Q: What Do the Latest Stats Say About Our Market?

Posted by Chip Bubela on Thursday, September 10th, 2020 at 9:00am.

The latest numbers point to a firm seller’s market in Central Texas.  

Now that we’re into September 2020, it’s time to review the latest market numbers from August in La Grange, Schulenburg, Flatonia, Hallettsville, Columbus, and Weimar. 

Near the beginning of the summer, we saw a lot of activity due to pent-up demand in June. Absorption rates were high and inventory dropped quite a bit. During July, though, inventory rose and absorption rates dropped. Then in August, demand was sky-high and inventory dropped again quite a bit. This brings us to the key stats you need to know from each city in our area:

La Grange:

  • 58 homes have sold in the past 12 months

  • The absorption rate is 4.83 months

  • There are 21 homes on the market (compared to 31 in July)

  • The months’ supply of homes is 4.34 months

  • The average sale price is $200,857

Schulenburg: 

  • 25 homes have sold in the past 12 months

  • The absorption rate is 2.08 months

  • There are 11 homes on the market (compared to 15 in July)

  • The months’ supply of homes is 5.28 months

  • The average sale price is $177,357

Flatonia:

  • 14 homes have sold in the past 12 months

  • The absorption rate is 1.17 months

  • There are three homes on the market (compared to 3 in July)

  • The months’ supply of homes is 2.57 months

  • The average sale price is $130,192

Hallettsville:

  • 22 homes have sold in the past 12 months

  • The absorption rate is 1.83 months

  • There are three homes on the market (compared to eight in July)

  • The months’ supply of homes is 1.64 months

  • The average sale price is $142,944

Columbus: 

  • 57 homes have sold in the past 12 months

  • The absorption rate is 4.75 months

  • There are 23 homes on the market (compared to 30 in July)

  • The months’ supply of homes is 4.84 months

  • The average sale price is $196,630

Weimar:

  • 23 homes have sold in the past 12 months

  • The absorption rate is 1.92 months

  • There are 11 homes on the market (compared to 13 in July)

  • The months’ supply of homes is 5.74 months

  • The average sale price is $128,996

The bottom line is, these numbers indicate a great market for sellers. Since interest rates are low, it’s also a great market for buyers. If you’re thinking of buying or selling or have any questions about our Central Texas market, don’t hesitate to reach out to me. I’m happy to help. 

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com