Inventory in Milam County is relatively high, with 128 active listings in September and about 8.8 months of supply, which signals a buyer’s market. Contract activity has cooled month over month, as homes sold fell to 12 and pending sales dropped to 18. New listings also pulled back sharply, down more than half from the prior month, which could gradually ease some of that excess supply over time.
Pricing is adjusting in response to these conditions. The typical home value sits around $215,500, down more than 20 percent from a year ago, even as the median list price has risen nearly 9 percent year over year. Homes that do sell are closing at an average of about 96 percent of list price, and none have sold above asking in the most recent month, underscoring buyers’ leverage at the negotiating table.
Time on market highlights how local conditions differ from the broader Texas picture. Milam County’s median of 91 days on market is well above what many buyers see in larger state markets, though it has improved by roughly 16 percent compared with last year. Despite this, sales volume is higher than a year ago, with homes sold up more than 50 percent and pending contracts up over 40 percent year over year. In this kind of shifting environment, both buyers and sellers can benefit from Agent Pronto’s help connecting with an agent who understands current trends in Milam County.
