Beaumont Housing Report - August 2020

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Real Estate

In-home sales it is essential to study the neighborhood-specific home sales statistics. There is currently a 3.4 month supply of homes on the market in Beaumont, Texas. If inventory levels are around 6.5 months, there is a balanced housing market. 63.7% of homes have been under $200,00,median price of homes on the market in Beaumont has been $163,000. Active listenings are down 17.8% from August 2019, and closed sales are down 27.7%. The national median existing single-family home price in the 2d quarter of 2020 changed to $291,300. On a year-over-yr basis, this is a 4.2% climb, but, it's miles nonetheless a slower pace of appreciation in comparison to the pre-pandemic rate of 7.7% inside the first quarter. 

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