Midland County housing stats still appear to favor sellersMidland County housing stats still appear to favor sellershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=135542016-06-21T05:00:00Z2016-06-21T19:10:00Z

​​​​​​​​​​​​MIDLAND COUNTY - The number of houses sold in Midland County in May was the most in the past nine months, according to revised numbers from the Permian Basin Board of Realtors (PBBOR).

The PBBOR reported 164 houses sold during May 2016, which was 11 more than the number previously reported. 

The PBBOR also showed a little more evidence of a seller’s market, as the average days on the market (DOM) was 41, not 51 as previously indicated.

“The days on market have gone down which means folks are shopping and buying. 

"We sold fewer houses for the same time over last year. But prices remain virtually unchanged. All in all, great signs for a healthy market," said Carroll Nall, the Board of Realtors’ MLS Member Services director.

Nall said there still is about three months inventory, which he said is well below the state average.

Also changing was the average median price, $238,453, instead of $223,000.

PBBOR also reported there were 590 homes on the market, a significant increase from the number released earlier  of 526. 

It continues a trend of PBBOR numbers showing 590 or more homes on the market.​ 

The largest number of homes sold in May (54) were in the $200,000–to–$299,999 range. Homes in that range were on the market an average of 41 days. ​

Midland Reporter-Telegram
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