Abilene Housing Insights: March 2024

The Abilene real estate market continues to stabilize, settling into a new normal as we navigate the changing landscape. While home prices have seen a decrease compared to March 2023, overall prices have remained relatively higher in 2024 so far. We anticipate a modest price increase of 1-2.5% by the end of the year.

For Sellers: It’s essential for sellers to receive expert advice, insight, and guidance to remain competitive in the current market. Making informed decisions about whether selling is the right move for you at this time is crucial. Despite high concessions being offered in the market to buyers, many sellers still hold substantial equity in their homes, thanks to the price increases over the last few years. With the right strategies, homes can still sell quickly. Our REALTORS® offer free initial consultations to help you navigate pricing, concessions, staging, and more.

When it comes to listings sold per person across Abilene and the surrounding areas, our team at Better Homes and Gardens Real Estate Senter, REALTORS® stands out in terms of productivity. Let us assist you too!

For Buyers: For buyers, the market offers more concessions than we’ve seen in the last five years. Interest rates have remained relatively stable over the past three months, but we expect slight reductions by year’s end. Inventory levels are the highest they’ve been since 2018, providing buyers with more options and less competition for the perfect home. Our full-time experts are here to guide you through the buying process and help you craft a winning offer.

Importance of Advertising: As market inventory increases, the need for effective advertising becomes more pronounced. While many homes sold quickly in 2022 and 2023 with minimal advertising, this is no longer the case. Listing on Zillow is important, but it only covers around 56-58% of real estate website traffic. Reaching potential buyers across different platforms, including social media and beyond, is essential. Our 10-day paid advertising campaigns for every listing have played a key role in our strong performance.

We’re Here to Help: With nearly 70 years of experience, we are your Abilene-grown, family-owned, residential and commercial real estate experts. Reach out to your favorite BHGRE Senter agent today, and let us help you on your path to success!

March 2024 Stats

Q1 2024 Stats