May was a very good month for home sales in Waco. There were 215 homes sold with an average list price of $130,728 and an average sold price of $125,854, and an average days on the market of 122.

So, good news and bad news, depending if you‘re looking at it as a buyer or seller. The days on the market is down , but sale price is also down. But IMHO, that is because most of the home sales recently have been to first time homebuyers taking advantage of the tax credit. And since they are buying starter homes, the price range they are buying in is lower. But the housing market in Waco is still holding steady. There are currently 318 sales pending.

Here is a breakdown of sales prices;

0 to $50,000 = 25

$50 to $75,000 = 32

$75 to $100,000 = 41

$100 to $125,000 = 35

$125 to $150,000 = 25

$150 to $200,000 = 41

$200 to $250,000 = 10

$250 to $300,000 =3

$300 to $400,000 = 6

$400 and up = 3

In other than residential categories, there were 13 pieces of land sold with an average list price of $53,346 and an average sold price of $58,846 and an average DOM of 118. There were 4 Farm& Ranch properties with an average list price of $199,929 and an average sold price of $185,728, with 161 average DOM.

There were one each of commercial property and multi-family property sold . This does not reflect all commercial sales because commercial agents have their own multiple listing system and don’t usually put their listings on the general MLS

Now, let’s flash back. In May 2009 there were 188 homes sold. They had an average list price of $137,192 and an average sold price of $131,287, and an average days on the market of 152.