Last post was a little scary for those of us in the real estate business and those home owners trying to sell their homes.  August home sales were the lowest in total number over the past five year period.  Interestingly enough, several neighborhoods in Southeast Texas are still holding their own when it comes to sales prices. 

This is good news for home sellers in the Beaumont, Nederland, Groves, Lumberton and several other Southeast Texas communities.   Take a look at the chart.  You will see area, then the percent of the asking price the sellers in that area sold their homes for, and then the number of days on the market. 

Coming out on top is Nederland where sellers averaged 97% of their asking price for the homes that closed in August.  Those homes spent an average of 65 days on the market.  Not bad when the overall average days on the market for Southeast Texas homes is now at 122 days. 

The data on this chart is from the Beaumont MLS.  Areas with less than two homes sales in the month of August were not included.  Soon we will know September's home sales.  September is usually one of the slowest months for home sales during the year. 

Want more information about the Southeast Texas residential housing market?  Contact me.  I'll be glad to share.