Bryan-College Station housing market part of statewide boomBryan-College Station housing market part of statewide boomhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=34662014-08-04T13:32:00Z2014-08-04T00:00:00Z

COLLEGE STATION-BRYAN - The number of homes being put on the market increased for the first time statewide since 2011, according to real estate experts. Unfortunately for homebuyers in Bryan-College Station, the local real estate market did not keep pace and has created high demand in a seller's market.

"The development of new homes and vacant lots is on the rise throughout Texas, and, as a result, we're seeing much-needed gains in inventory," according to Jim Gaines, research economist with the Real Estate Center at Texas A&M University.

That development isn't happening quickly enough in Brazos County's most populated cities, where growth is booming because of Texas A&M, Blinn and Scott & White, said Ed Berry, president of the Bryan-College Station Association of Realtors.

The average sales price for houses in Bryan-College Station also increased 3.9 percent from about $195,000 to a little over $203,000. Meanwhile, the number of homes for sale decreased 34 percent.

Sales in the twin cities outpaced the state average, with a 7.04 percent increase over this time last year. The state only posted a little over 1 percent increase over that same period.

The Eagle
College Station-Bryan
http://www.theeagle.com/news/local/as-housing-market-booms-in-texas-b-cs-struggles-to/article_dbe62524-a913-5858-a575-35f69370ae87.htmlRead more at {Source}

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