Permian Basin housing stats: DOM, sold price, sales

MIDLAND COUNTY – The number of houses sold in Midland County during the month of June was the most in nearly a year, according to statistics from the Permian Basin Board of Realtors (PBBOR). 

The number sold—221—trails only the 228 sold in both June and July 2015. 

With the exception of those two months, the total number of available houses last month was the most of any month in the last five years.

The number of houses typically increases from May to June, and this year was no exception. 

However, the 57-house increase was more than any May to June going back to at least 2012. 

In fact, it was the third highest month-to-month increase during the last five years, according to the PBBOR.

While the number of houses increased, so did the average and median sales price compared to May. 

The PBBOR also reported the $246,000 median sales price was the highest this year. 

Year-to-year, average and median sales prices dropped by nearly $13,000 and $9,000, respectively.

Also, for the fifth time this year, the average DOM (the number of days a house stays on the market) rose above 50.