So…how’s the Real Estate Market in Palestine, Texas as we end the year? Let’s see what the numbers show, shall we?
In the last 30 days, the Palestine Texas Association of REALTORS® MLS had the following activity:
Check out the differences in the same 30-day segment of this same 30-day period a year ago vs. today. Highlights include:
As of today, the market absorption rate is 3.125. What on earth does that mean?! It means that if no other properties were listed for sale in Palestine, TX, it would take a little over 3 months to exhaust the property inventory in Palestine, Texas. An absorption rate between 3-6 months is generally considered a balanced market. However, inventory is still low compared to historic levels for this time of year. The market is always shifting and it will be interesting to see how things shape up coming into 2019. Happy housing, yall!
UNFORTUNATELY REQUIRED DISCLAIMER: This data was compiled from Palestine Area Association of REALTORS® Multiple Listing Service by Lisa Priest, Broker with Picket Fence Realty for informational purposes only. Please note that this data is for residential properties in Anderson county only. This data is current as of 12-13-18 and is not a warranty of future market conditions of any kind. This information is deemed reliable but not guaranteed.
Lisa Priest loves to watch the trends and is a Palestine, Texas Real Estate Broker / REALTOR® with Picket Fence Realty, Inc. You can reach her via phone or text at 903-948-3343 or read more at BuyPalestine.com.