The housing market in Hunt County had a strong May. The Herald Banner reported today that the Hunt County housing market’s latest numbers show a 17 percent rise in new listings in the county compared to last May. There was also a 7 percent uptick in total listings compared to last year.
The numbers come from North Texas Real Estate Information Services, which also reported that median sales prices in the county are almost 43 percent higher than last May. The median price for a house in Hunt County in May was 175 thousand dollars.
Hunt County real estate also is selling about 30 percent faster than it was a year ago.
Bustling market aside, Hunt County’s inventory of available homes saw the same issue most markets in the US have seen over the past two years. There’s a little less than three-month inventory of homes available in the county. The generally accepted healthy inventory level is considered to be 6 months.