GREENVILLE —
The local housing market continued to show strength last month, as sales prices rose sharply when compared to October 2011.
There may be a need to build new homes soon, as Hunt County’s available housing inventory continues to decrease, according to a report released by North Texas Real Estate Information Systems.
The agency provides information management services to more than 23,000 Multiple Listing Services subscribers, including more than 5,000 real estate offices in North Texas.
The average sales price for a new home in Hunt County last month was listed at $112,282, up 3.4 percent from the $108,621 average sales price 12 months earlier.
The median sales price during October was reported at $113,100, representing an increase of 23.3 percent from the $91,700 quoted last October.
For the year to date, the average sales price was up $13.2 percent, with the median sales price increased by 5.4 percent.
There was an inventory of 512 homes for sale in the county during October, representing a dip of 18.3 percent from the 627 homes available for sale one year earlier.
As of October, there was an estimated 8.4 months of inventory of homes for sale in the county, compared to 11.4 months of inventory available in October 2011.
The complete report is available at www.ntreis.net.
Top News
Local housing market still showing strength
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Prosecution rests in capital murder trial
The prosecution rested its case Wednesday afternoon in the capital murder trial of a Greenville man, charged in the 2011 shooting death of his ex-wife, a Caddo Mills school teacher.
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Double murder remains unsolved
Despite seven years having passed with no arrests, Hunt County Sheriff Randy Meeks said he does not intend to give up until he finds whoever killed Cora McAbee and Brandon Howell.
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Two arrested following high-speed chase
One person was injured and two people, including one of Hunt County’s most wanted suspects, have been taken into custody in connection with an early Tuesday morning high speed chase and crash.
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GEUS board searching for assistant manager
The GEUS board of trustees intends to meet this evening, to again discuss possibly hiring a new assistant general manager for the local electric utility system.
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Severe weather crosses county
Severe thunderstorms crossed Hunt County Tuesday afternoon, bringing damaging high winds and flooding rains.
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Quinlan tables new ordinances
Both of the controversial measures the Quinlan City Council had on the agenda to vote on were either tabled or withdrawn during Monday’s City Council meeting in Quinlan City Hall.
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Jail substation opens
The Hunt County Sheriff’s Office South Command was declared operational Tuesday.
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Donations being collected locally for tornado victims
A local church and supermarket have teamed up to receive donations for the victims of Monday’s devastating tornado in Moore, Oklahoma.
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Severe weather has passed through Hunt County
Severe Thunderstorm Safety Tips | Information about CodeRED | Red Cross family disaster plan | City's statement regarding severe weather
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