We’ve been in a real estate buyer’s market since the recession crept up a few years ago, but the situation is starting to reverse itself. According to the Real Estate Center at Texas A&M University, the median price for a home in Texas rose two percent since January 2010. Currently, the value is $139,100. However, here in Bryan-College Station, buyers are still seeing lower housing prices. In February 2010, the median price for a home in this area was $165,400. In January 2011, that figure dropped to $147,700 (the lowest since August 2009), representing a 10 percent decrease.
Bryan-College Station is a growing region with lots of activity and one of the lowest unemployment rates in Texas . It won’t be long before the trend that is occurring through most of the state will hit Bryan-College Station. There’s still time to take advantage of record low home prices while the housing market still favors the buyer.
Stylecraft Builders builds new homes and communities. We’ve been seeing plenty of activity in spite of the economic downturn that hurt so many areas. We still have new homes under construction, so, if you want to get the best value by customizing one of these properties, now is the time to act. Contact us to find out what’s happening in the Bryan-College Station housing market and to learn more about buying a brand new home before the market pricing rises!