Alvarado Real Estate Market Continues Weakness in New Listings

The Alvarado market might be slowing in the coming weeks. Sales stayed steady at eight homes sold over the last 30 days, but there is a new downward trend in the number of new listings, with 11 going live in the same time frame. A months of inventory number of seven reported this week continued a four-week upward trend, even with the weak number of new listings in the area. Alvarado is a definite buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.

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Demographic facts about Alvarado:

  • The affordability rating here is 55. (Scale: 1 = Worst, 100 = Best)
  • The average precipitation is 37.8 inches per year. (U.S. average: 36.5)
  • The income per capita in this area is $19,336.
  • The area's school rating is 61. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Keller Williams
4 reviews

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