How’s the Real Estate Market in Palestine TX? Rates are low and inventory is even lower…. ! Is now the time for you to buy or sell real estate in Palestine TX? Let’s check out the last month’s statistics.
Quick Market Overview: There is extremely limited inventory. Inventory levels are slightly higher than last month, but still historically low = Seller’s Market!
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 from a year ago vs. today. Highlights include:
As of today, the market absorption rate is 1.74. 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 1 month to run through the property inventory in Palestine, Texas. An absorption rate between 3-6 months is generally considered a balanced market. I have never seen inventory numbers this low…Our local housing market is experiencing an extreme lack of inventory. It’s a great time to be a home seller! Call us if you are ready to buy or sell! Happy housing, y’all!
Lisa Priest likes to chart trends and is a Palestine, Texas Real Estate Broker / REALTOR® with Picket Fence Realty, Inc. You can reach her via phone at 903-729-7530 or read more at BuyPalestine.com
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 9-3-2021 and is not a warranty of future market conditions of any kind. This information is deemed reliable but not guaranteed.