Abilene Market Update: May 2025

Abilene Housing Market Update: May 2025

May brought a noticeable boost in local real estate activity — but what’s really driving the numbers?

📈 Sales Volume Is Up — But Keep It in Perspective
Closed sales jumped 13.3% year-over-year, largely due to a sluggish May in 2024. Buyer activity is stronger in part because sellers are getting more aggressive with pricing and concessions, especially in the mid-to-lower price ranges. With 806 active listings (up 2.7%), buyers have more inventory to choose from — and they’re using that leverage.

🏠 Median Sales Price Rises, But…
At $265,000, the median price is up 5.2% compared to last year. However, many sellers are seeing price-per-square-foot values slightly down compared to what homes were getting 6–12 months ago. List-to-sale expectations must adjust accordingly.

💡 BHGRE Senter Performance Shines
Across the Abilene MLS, the average listing is taking 61 days to go under contract. At BHGRE Senter, we’re proud to report a median of just 23 days. That’s less than half the time — a direct result of precise pricing strategies and strong marketing execution.

🌐 Economic Factors in Play
According to the National Association of REALTORS® 2025 Economic Trends report, economic growth has slowed to a forecasted 1.7% for the year, while inflation remains sticky at 2.7%. Mortgage rates continue to hover above 6%, in part due to tariff-related inflationary pressure and global uncertainty. These headwinds are keeping some buyers cautious, but price flexibility and value-driven listings are helping drive deals locally.

🛠 What This Means for Buyers & Sellers
Sellers: Pricing right from day one is critical — the days of overpricing and waiting are over.
Buyers: You’re in a more favorable position than you were last year, but mortgage affordability still matters. Working with an experienced agent can help you navigate the balance between value and opportunity.

📞 Thinking of buying or selling? Let’s talk.
At BHGRE Senter, REALTORS®, we’ve been guiding Abilene real estate since 1957. Nobody knows homes better.