PORT ARANSAS, Texas - June 23, 2018 – The Corpus Christi Association of REALTORS® (CCAR) May market analysis is showing that the Port Aransas real estate market is slowly recovering from Hurricane Harvey. Although the median price remains down slightly versus May 2017, it has been increasing steadily in recent months. Inventory remains tight, particularly in the condo segment as many complexes are still undergoing repairs. In May 2018 the average residential property took only 29 days to close. This is largely as a result of numerous cash transactions.
Keith McMullin is the Broker of Port Aransas Realty and Mustang Island Realty with a dedicated team of agents specializing in residential and commercial real estate in the Padre Island and Port Aransas real estate markets.