Victoria Sept. 2012 home sales: Swearingen
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.
| 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.
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