There was small drop in home sales in Waco and McLennan county this last month. That is probably due to an unusually cold February. Buyers weren’t out unless they had to be. But the good news is that the average sales price was about the same as February of last year, and the days on the market is down by a month.

In 2009 there were 142 residential properties sold with an average of 166 days on the market. The average list price was $135,000 and the average sold price was $128,200

In February of 2010 there were 120 homes sold with an average list price pf $133,000 and an average sold price of $128,000 and an average of 130 days on the market.

There were 6 Farm and Ranch properties sold with an average days on the market of 228. The average list price was $248,200 and average sold price was $242,700.

There were 9 lots or pieces of land sold with an average of 522 days on the market and an average sold price of $37,300. I think this might be because a lot of builders chose to sell the lots they had no plans to build on in the immediate future.

There was 1 commercial property and 1 multi-family property sold.

Here is a further breakdown of residential sales by price:

0 to $50,000 = 15

$50 to $75,000 = 17

$75 to $100,00 = 18

$100 to $125,000 = 20

$125 to $150,000 = 16

$150 to $200,00 = 15

$200 to $250,000 = 7

$250 to $300,000 = 5

$300 to $400,000 = 4

$400,000 and up = 1