San Angelo housing 3Q 2013: Coldwell Banker PattersonSan Angelo housing 3Q 2013: Coldwell Banker Pattersonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=55282014-02-04T07:22:00Z2013-12-10T00:00:00Z

SAN ANGELO - The number of homes sold in third quarter 2013 increased by over 8 percent from 2Q 2013, and on a year-over-year basis, prices are up substantially with the median sale price increasing by 14 percent.

Marketing times continue to decline, down nearly 20 percent on a year-over-year basis. After several months of hovering around two months-of-supply, the current three months-of-supply is not very alarming.

Employment continues to expand in the region, which is helping to drive household formation and therefore strong home sales and a firm rental market. Single-family permit activity remains on an upward trend. If the low inventory condition persists, elevated construction activity is expected to continue.

Key San Angelo Home Statistics
Avg. sales price $159,904 $144,435 10.7%
Avg. $/SF $85 $77 11.5%
Median sales price $142,500 $125,000 14.0%
DOM 87 108 -19.6%
Sale % of list 96.3% 95.8% 0.5%
# of sales 490 375 30.7%
Listed inventory 502 546 -8.1%

Source: Coldwell Banker Patterson

Also see Coldwell Banker Patterson's full report under housing in San Angelo Data Sources.

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