Despite a national decline in home sales, the Bryan-College Station market is not only holding its own, but showing some gains.
According to the B-CS Regional Association of Realtors, there was only a slight difference in the number of homes sold in 2006 and 2007. However, a comparison of the the total dollar values between the two years shows an increase of $21.6 million to more than $418 million in 2007.
The average amount of a home sale also jumped. In 2006, it was $144,000. In 2007, it was $158,000.
Local real estate experts say the numbers, coupled with other industry benchmarks, indicate an overall healthy housing market. Currently, the Bryan-College Station area maintains less than six months worth of inventory in the housing market.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.