Corpus Christi: July home sales, home prices on the riseCorpus Christi: July home sales, home prices on the risehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=942015-08-20T12:53:00Z2015-08-20T07:00:00Z

CORPUS CHRISTI - Corpus Christi home sales increased 12 percent to 579 sales in July 2015 while home prices rose, according to the July 2015 Corpus Christi housing market report released by the Corpus Christi Association of Realtors.

According to the report, 579 homes were sold in Corpus Christi in July 2015, a 12 percent increase from the year prior.

The median price for Corpus Christi homes increased 4 percent year-over-year to $179,950 during the same time period.

Corpus Christi’s monthly housing inventory was 5.8 months in July 2015, 0.5 months more than July 2014. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 79 days on the market in July 2015, the same amount of time from the year prior.

Additionally, active listings increased 12 percent year-over-year to 2,546 listings during the same time frame.

Nueces County Record Star
Corpus Christi
http://www.recordstar.com/alice/news/article_65dd4a7b-d538-5744-b240-4a521f4765d7.htmlRead more at {Source}

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