Bryan-College Station housing market part of statewide boom

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.