In January 2014, sales of newly built single-family homes were at a seasonally adjusted yearly rate of 468,000 units, according to estimates from the US Census Bureau and the Department of Housing and Urban Development. The figures show a 9.6 percent increase from the revised rate of 427,000 last December, and is also 2.2 percent higher than the 458,000 estimate set in January 2014. All in all, the market tallied a median home price of $260,100 for January this year, with the average selling price ticking at $322,800. The figures represent a 4.7-month long property supply, based on the current sales rate.
These statistics are strongly prompting experienced realtors in College Station and all other Texan cities to remain positive. For residential properties, experts predict minimal price increases.