A six-week rough patch for the overall sales trend continues in the Alba market, with the number of sales staying even at one over the last 30 days. The median sales price in Alba stayed put this week at $139,898. Alba is a definite buyer's market with 12 months of inventory to choose from, aided by the downturn in sales.
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The Alba market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at zero. Months of inventory is on a four-week upswing, this week hitting 11 months. Alba is a solid buyer's market, due to the large amount of inventory left and aided by the dip in sales.
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The Alba market looked solid in this week's report, as the number of sales went up to one home sold over the last 30 days. To put it in perspective, close-by Sulphur Springs registered nine homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $139,898, extending a four-week long spiral. Alba is still a definite buyer's market, due to the availability of 11 months of remaining inventory, even after the uptick in sales.
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$308K  
The Alba market remains completely quiet as, once again this week, no sales were reported over the previous 30 days. Alba usually averages 1.2 sales per month.
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$308K  
Over the last 30 days, no deals were completed in the Alba market. It further extends a one-week downward trend in sales.
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$308K  
Sales fell in the Alba market to one home sold over the last 30 days. It's also under an emerging downward trend in the number of contracts closing, with this week's number falling to one. Potential buyers should note that prices are coming down in Alba, and for this period the median sales price slid from $50,328 to $30,757. A downturn in contracts, coupled with the availability of 14 months of inventory, prove that Alba is a strong buyer's market.
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$308K  
This week in the Alba market, sales dropped to two homes sold over the last 30 days, even as it endures an emerging upward trend in price reductions, with two reported in the same time frame. Prices are falling in Alba, and this period the median price of all sales fell from $185,750 to $50,328. Alba is a solid buyer's market, thanks to a big seven months of inventory to choose from and a pullback in sales.
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$308K  
The Alba market saw sales remain flat this week with six homes sold over the last 30 days but new listings plummeted to one. The median sales price in Alba stayed put this week at $185,750. There are only two months of inventory available in Alba, so it's a solid seller's market, even if sales are flat.
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$308K  
The population of Alba is growing faster than the rest of Texas, at a 10-year growth rate of 27.3%. It's a smaller-than-average city compared to the rest of the state, with 504 residents. Alba is made up of homes that are considered of moderate age with a median of 23 years. Topping the list of best schools in the city is Alba-Golden High School.
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$319K  
Over the last 30 days, an identifiable downward trend of new sellers coming into the Alba market continued, with two listings in this week's report. Meanwhile, sales rose, with six homes selling during the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. A months of inventory number of two reported this week continued a four-week downward trend, likely due to the weak number of new listings in the area. The increase in sales and the low inventory drive home the fact that Alba is a definite seller's market.
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