Home sales see decline year over year in November in the Tomball, Magnolia area

Home sales saw a decline year over year in November in the Tomball and Magnolia area, according to market data provided by local real estate firm The Renee Leslie Group.

In a nutshell

In three of the five ZIP codes in Tomball and Magnolia, home sales decreased, with total home sales decreasing 8.5% year over year in November.

Year over year in November, the median price of homes sold decreased in three of the five ZIP codes in the Tomball and Magnolia area. 77354 saw the largest percentage decrease of 12.3%—going from $322,300 to $282,691.

Of the homes that sold in November in the Tomball and Magnolia area, 59% of them were priced between $250,000-$499,999.

What else?

Year over year in November, the average time homes spent on the market in Tomball and Magnolia rose in four of the five area ZIP codes. The largest percentage increase was in 77362 at 152.17%—homes went from spending an average of 46 days on the market last November to 116 days on the market this November.