How’s the Real Estate Market? – June 2018 Report
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 3.59. What on earth does that mean?! It means that if no other properties were listed for sale in Palestine, TX, it would take just over 3.5 months to deplete the housing inventory in Palestine, Texas. An absorption rate between 3-6 months is generally considered a balanced market. Overall, inventory is up over last month, but is still somewhat limited and properties are selling faster.
The market is forever shifting and watching the data is a great way to keep an eye on the market trends. Happy Summer Housing, y’all!
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 6-14-18 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.