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Swearingen: Victoria housing reportSwearingen: Victoria housing reporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=182312017-11-09T06:00:00Z2017-11-09T20:00:00Z

​​​​​​VICTORIA – During the last fiscal year of the city ending September 30, 2017, only 47 new houses were permitted. This is a very low number even by Victoria standards and reflects an unhealthy new home market, according to Lee Swearingen, president of Coldwell Banker The Ron Brown Company.

The problem may be that new construction demands that prices be significantly above the price points our market can sustain. Another concern is that with so few new homes being built we are not recharging our inventory. 

This could affect the housing market in years to come.A graph from the Swearingen comparing the 12 months ending September 2017 to the 12 months ending September 2016.

​Total sales of residential homes in Victoria MLS for the 12 months ending September 2017 was 894, 2.6 percent (23 homes) more than the same period in 2016.

The average Days on Market for residential homes for the 12 months ending September 2017 was 115, 15.0 percent longer than the same period 2016.

Total building permits for Victoria city limits for the 12 months ending September 2017 were 42, down 50.0 percent compared to the same period 2016 when the number of permits was 84.

Coldwell Banker The Ron Brown Company
Victoria
Housing
http://www.ronbrown.com/victoria-market-reportsSource: {Source}

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