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March 2012 Statistics

  • 1,852– Single-family homes sold, 15 percent more than March 2011.

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  • $200,000– Median price for single-family homes, eight percent more than March 2011.

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  • 84 – Average number of days that single-family homes spent on the market, 12 days less than March 2011.

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  • 3,350– New single-family home listings on the market, four percent less than March 2011.

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  • 7,274– Active single-family home listings on the market, 21 percent less than March 2011.

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  • 2,331– Pending sales for single-family homes, 16 percent more than March 2011.

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  • 4.4 – Months of inventory* of single-family homes, 1.8 months less than March 2011.

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  • $480,471,768– Total dollar volume of single-family properties sold, 22 percent more than March 2011.


* The inventory of homes for a market can be measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 months. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.