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Victoria Sept. 2012 home sales: SwearingenVictoria Sept. 2012 home sales: Swearingenhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=91932012-10-29T07:05:00Z2012-10-29T00:00:00Z

VICTORIA - The Swearingen Report has been released for September 2012. Home sales continue to impress, but lack of inventory is causing an upward pressure on prices, according to Lee Swearingen, president of Coldwell Banker The Ron Brown Company.

The average sales price for residential homes was $159,887 for the 12 months ending September 2012, an 11.4 percent increase compared to the same period last year when it was $143,538.

The median price of residential homes for the 12 months ending September 2012 was $139,900, up 9.3 percent compared to the same period 2011 when it was $128,000.

Total sales of 898 residential homes was a 10.3 percent increase compared to the same period last year.

The average days on market for residential homes for the 12 months ending September 2012 was 98 — 24.0 percent shorter than the same period last year.

Victoria MLS
All Categories* 12 Months
Ending
  Sept. 2011
12 Months
Ending
  Sept. 2012
Change
Residential property sales 814 898 10.3%
Total dollar volume $116,840,091 $143,578,238 22.9%
Average sales price $143,538 $159,887 11.4%
Median sales price $128,000 $139,900 9.3%
Total active listings end of month 289 308 6.6%
Months inventory 3.4 3.5 2.9%


*Figures refer to the residential homes market.

See the full report at Coldwell Banker The Ron Brown Company. For more Victoria area news, See NewsTalk Texas.

Coldwell Banker The Ron Brown Company
Victoria
Housing
http://www.ronbrown.com/marketinformation/the%20swearingen%20report-victoria-12%20months%20ending%20september2012.pdfRead more at {Source}

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