The 78746 zip code market seems to be nearing a bottom, as the number of contracts executed fell to 22, the lowest levels since last January. Meanwhile, sales came in at 21 homes sold over the last 30 days. In comparison, the 78745 zip code had 51 contracts executed in the same time frame, the most of all nearby zip codes. However, a six-week downward trend in price reductions is expected to come to an end over the coming weeks. The median sales price dropped to $762,500, down from last week's $950,000. A downturn in contracts, coupled with the availability of seven months of inventory, prove that the 78746 zip code is a strong buyer's market.
Trying to find a more traditional home in the 78746 zip code? Then check out these listings that were built before most others in the market:
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