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Beaumont's booming housing marketBeaumont's booming housing markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=126812016-04-01T05:00:00Z2016-04-01T22:00:00Z

BEAUMONT - Recent data shows a strong market for Beaumont and surrounding areas, a very different scenario from a year ago.

In February, the most recent month for which there are figures, the Beaumont Multiple Listing Service had 1,297 homes in its sales inventory. Completed sales were 209, with a value of $31.8 million and an average list price of $150,000.

At the current sales pace, it would take about 3.5 months to sell out existing inventory.

A year ago, there were 75 completed sales with a value of $10.9 million and an average list price of $146,000. The inventory sellout period was seven months.

Beaumont Enterprise
Beaumont-Port Arthur
Housing
http://www.beaumontenterprise.com/business/article/Beaumont-housing-market-shows-healthy-growth-as-7212729.phpRead more at {Source}

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