Shrinking Inventory in Corpus Christi Means Fewer Days on Market31 Oct Sally
Prices in Corpus Christi have stayed fairly consistent from this time last year. A large majority of homes are priced in the $100K-199K. This is still the sweet spot for home buying and selling. The closed homes remain unchanged from 2017. Inventory is slightly lower and homes are selling faster than last year as well. The Island’s market seems to be remaining strong and healthy, steadily growing in sales and price. Inventory is just 6.4% lower than last year, with the bulk of the listings in the $300’s.
In the surrounding areas, home sales are up substantially in the Calallen area. The homes in September stayed on the market for about a week longer this year compared to last year. There are more active listings with almost 53% priced in the $100-199k price point. Additionally, there are major changes in Portland when you compare to last year’s numbers. September of 2017 was hard on Portland, as many homes were damaged due to Hurricane Harvey. Closed sales are up 257% and listings are up 30.5%. It looks like Portland’s housing market is greatly on the rebound.