2011 Real Estate Market Update
Bryan/CollegeStation, Texas Real Estate
Can you believe we are already at the end of the second month of 2011 and starting the 3rd? The older we get the faster time seems to pass… Boy I sound old now!
2010 was an odd year for real estate. Most of our business was in the first half of the year. 2011 is starting off with a BANG. Our office is very busy with buyers and sellers!
The market is showing us that the choices buyers have are much greater than they have had the last few years. January 2011 had 182 MORE properties available for buyers to choose from than January 2010.
The number of new listings coming on the market is right in line with the number of properties from 2008 and 2009 yet there are way more for buyers to choose from. So – properties are staying on the market longer…
Average Days on the market has gone way up compared to January 2010. January 2010 was 126 days and January 2011 is 153. That is a concern for me. This is higher than 2009 and 2010.
The Average Sales Price for January 2011 is less than 2010 too. Average Sales Price for January 2010 was $170,237 yet January 2011 was $162,153. Do we need to be concerned?
Checkout the graphs on our newly enhanced website. Tell me what you think.
The first 10 Non Century 21 Family and Agents that comment about the real estate market in Bryan/College Station on THIS POST will be sent an email back telling how to get a Century 21 Beal flashlight! Ready to win? Be sure to tell me in your comments where we can email you and who sent you the email inviting you to register to win!