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Longview home sales Oct. 2014Longview home sales Oct. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=23672014-11-25T16:08:00Z2014-11-25T08:00:00Z

LONGVIEW - The Longview Area Association of Realtors said 1,925 homes were sold through the first ten months of the year in its Multiple Listing Service, which covers Gregg, Harrison, Cass, Marion, Panola, Rusk, Smith, Upshur, Wood, Camp, Titus and Morris counties.

The same period in 2013 saw 1,817 homes sold.

The average sales price through October was $161,313. That was down just more than 2 percent from an average of $164,948 in October 2013.

New homes are typically moving faster than existing homes, according to Jeff Ramsey, owner of Ramsey Realty Group. “The oil and gas industry is a very large part of our driver here for homes sales and buying,” he said.

“Our medical communities are growing here. Longview is one of seven retirement communities in the State of Texas. It draws more people looking to retire and move here, which drives up more medical," Ramsey said.

Low interest rates also have played a role in the strong market, and Ramsey expects interest rates to remain steady through about the middle of 2015, when they might increase by a quarter- or half-percent as the economy continues to improve.

Longview Area Home Sales Oct. 2014
Month Avg. # Sold Avg. Sale Price
2014 2013 2014 2013
Jan. 122 143 $152,984 $143,967
Feb. 158 124 $161,904 $152,544
March 196 196 $152,240 $153,223
April 157 203 $175,144 $164,861
May 221 175 $168,044 $171,169
June 212 217 $161,213 $203,264
July 222 211 $163,394 $168,347
Aug. 216 210 $159,756 $161,375
Sept. 204 181 $160,183 $155,730
Oct. 217 157 $157,175 $159,553
Total 1,925 1,817 $161,313 $164,940


Source: Longview Area Association of Realtors

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