June Waco Residential Market, Promising Figures

In Mid June, I wrote a Waco Market Report:

And more Waco Residential Market News...

At that time, we were on pace to nearly meet or exceed last year's June figures. Now that we've passed the end of June, It looks like we fell a little short of what I thought may happen. But not by much. In fact, at last count we were at 219 sales for June. Not too shabby.

Not only that, median sales prices are still up compared to last year. Last year through March of this year we saw declines in median price, but beginning in April, that median price has steadily increased.

Here are the numbers*:

219 Residential Sales for June 09

226 Residential Sales for June 08

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128,000 Median Sold Price for June 09

116,800 Median Sold Price for June 08

What I really like about what I am seeing these past few months is that sold prices are exceding those of last year and have even increased month by month the past few months. Will this continue after the busy season and after the $8000 tax credit expires? Time will tell. I think as always, Waco is a pretty solid market with all things considered and I like what I am seeing overall.

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*Market numbers were gathered from both the Waco MLS on July 28th, 2009 and TAMU Real Estate Center Online. This information is deemed reliable but cannot be guaranteed. Use at your own risk.