According to the Bryan College Station Regional Association of realtor’s report for the College Station Bryan area, inventory remains low because properties are spending less time on the market.
Officials say not only is this a hot spot for college kids. The location is perfect for retiring families and anyone starting a business.
Realtor Laura Lea Smith said as of Wednesday, the local market statistics had 89 houses that were listed in the past 7 days and 72 of those houses are already under contract.
Life on the Brazos is working with people from all over the world to help them find homes
In the Brazos Valley. Compared to 2020 the number of closed homes has increased by 12.1% from 454 homes. Active listings have dropped drastically, but despite the high demand and low supply realtors say it is still a great time to participate in the market
Home sale prices rose by 8.5%, bringing the median sale price to $255000. The average number of days a home stayed on a market in 2020 was 70 days now homes are closing shortly after 32 days.
"We have a high demand to live in Bryan College Station. We are working with clients from California, Austin, Dallas Houston,” said Megan Bock, Broker Associate
The top three things purchasers have been looking for in the market are land size, location, to go along with nice kitchen interest rates are currently mid 3 percent.
"Due to the low-interest rates that we are seeing right now, they want to buy now because right now you can buy a $200,00 house for what would have been your budget of $180 of last year," said Smith.