Corpus Christi Association of Realtors has posted the Padre Island Housing Report for February 2023. Our active listing median prices have risen the past month to $410,250 this past month which is 6.3& above where it was compared to last February at this time!
CCAR continues to show us the data that shows active listings rising 26.3 % with a total of 144 properties this past month while inventory Has stayed steady at 2.8 compared to 1.0 last year during the month of February.
Days on the market for sale are climbing a bit from last month an average of 80 days on the market and the highest category for sales with 37.5% of all the sales being priced between $300,000 – $399,999. The market is keeping pace as we move into Spring. The Consumer Price Index declined from 6.4% to 6% in the last 12 months ending in February, continuing an eight-month trend of declining annual inflation. The FED meets next week to decide whether they will move the rate again to continue to fight inflation this year. The Spring Housing market is underway, and we are anticipating a very busy season.
Cheri Sperling is the owner of Coastline Properties with a dedicated team of agents specializing in residential listings, sales, and property management in the Padre Island real estate market. Coastline’s team is the most knowledgeable real estate office on Padre Island. No pressure style, patience, and an intimate understanding of the local market. They go to work for you!
Padre Island February 2023 Data (Click Pic below for Larger Image)
