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Victoria homes sale March up: SwearingenVictoria homes sale March up: Swearingenhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=75622013-04-30T07:20:00Z2013-04-24T11:00:00Z

VICTORIA - For March 2013, inventory or lack thereof is the story, according to Lee Swearingen of Coldwell Banker The Ron Brown Company.

This is especially the case of properties below $200,000. Victoria is seeing a modest increase in permits, but not enough to meet demand. The job market continues to expand and bring new buyers to the market. Unfortunately, many are qualified for the price point where availability is lowest.

The average sales price for residential homes was $171,697 for the 12 months ending March 2013, up 18.7 percent versus the same period ending March 2012 when it was $144,591.

Victoria MLS
All Categories* 12 Months
Ending
  Mar. 2012
12 Months
Ending
  Mar. 2013
Change
Residential property sales 856 854 -0.2%
Total dollar volume $123,770,040 $146,629,459 18.5%
Average sales price $144,591 $171,697 18.7%
Median sales price $130,000 $150,000 15.4%
Total active listings end of month 239 230 -3.8%
Months inventory 4.0 4.0 0.0%

*Figures refer to the residential homes market.

Coldwell Banker The Ron Brown Company
Victoria
Housing
http://www.ronbrown.com/marketinformation.aspRead more at {Source}

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