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Victoria housing market active as a result of ...Victoria housing market active as a result of ...https://www.recenter.tamu.edu/news/newstalk-texas/?Item=167302017-06-07T05:00:00Z2017-06-07T22:00:00Z

​​VICTORIA – The market continues to show modest improvement from a year ago. Number of houses sold is up 10 percent from the first four months a year ago, according to Lee Swearingen​, president of ​Coldwell Banker The Ron Brown Company. 

It is a direct result of an increase in the number of homes available for sale below $250,000, said Swearingen.

There also seems to be a stabilization of the economy even though it is below what the area was accustomed to a few years ago.

The upper end of the housing market remains slow—reflected in the slight downturn of the median and average prices.

Swearingen's conclusion is Victoria has an active market. It just seems to be focused in the mid-to lower-price ranges.

The average sales price for residential homes was $182,687 for the twelve months ending April 2017, down 4.3 percent versus the same period ending April 2016 when it was $190,934.

Victoria housing data for AprilThe median price of residential homes for the twelve months ending April 2017 was $167,000, down 1.7 percent versus the same period 2016, when it was $169,900.

Total sales of residential homes in Victoria MLS for the twelve months ending April 2017 was 915, 4.3 percent (38 homes) more than the same period in 2016.

The average Days on Market for residential homes for the twelve months ending April 2017 was 111, 14.4 percent longer than the same period 2016.

Total building permits for Victoria city limits for the twelve months ending April 2017 were 46, down 61.0 percent compared to the same period 2016 when the number of permits was 118.
Coldwell Banker The Ron Brown Company
Victoria
Housing
http://www.ronbrown.com/victoria-market-reportsRead more at {Source}

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