The Corpus Christi market had fewer closed sales in April. With closed sales down 3.2% from last year and active listings down 3.2% compared to last year as well. However, homes that did sell were on the market 7 days shorter than last year. Additionally, the median price increased by 6.5% to $194K compared to April 2018.
The Calallen market continued to show signs of growth with a median price of $183K this April that was a rise of 16% compared to last year. Homes are also staying on the market for a shorter time. The average home spent 5 days less on the market and closed sales up to a total of 34 during the month.
Portland saw closed sales rise 70% this April to a total of 29. The market had 127 active listings during the month with 5.4 months of inventory. The median price was up 6% to a median price of $185K with 20 days on the market less than April 2018. As the summer market begins, it appears that homes are selling faster in the Portland market.
Padre Island’s inventory continues to shrink as inventory dropped to 7.3 months compared to 8.9 months in April 2018. The shrinking inventory could be the reason for the 10.9% rise in median price to $255K. Active listings were down 7% and closed sales were down 32.1% this April compared to last year with a total of 36 sales.