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Housing Insights Abilene Housing Insights: November 2024 As we near the end of 2024, the Abilene housing market has shown signs of stability, even while activity has cooled slightly compared to earlier in the year. Inventory levels, which peaked at 4.9 months in September, have settled to a balanced 4.5 months in November. New listings have begun to slow following the rapid […]
Housing Insights Abilene Housing Insights: October 2024 As we step deeper into Q4, the latest October 2024 statistics reveal trends that buyers, sellers, and real estate professionals alike should watch closely. By the Numbers: Median Home Price: $247,000, up 7.4% compared to October 2023. This growth reflects the consistent demand for quality homes in the Abilene area. Active Listings: Inventory has increased […]
Housing Insights Abilene Housing: Q3 2024 Recap Abilene MSA Housing Market Update: Q3 2024 Recap 🏡 As we move into the final quarter of 2024, let’s take a moment to reflect on the latest housing trends in the Abilene Metropolitan Statistical Area (MSA). Our Q3 data reveals some significant shifts in the local real estate market. Whether you’re buying or selling, understanding […]
Housing Insights Abilene Housing Insights: September 2024 As we head into the fall months, Abilene’s housing market continues to evolve, and both buyers and sellers are seeing opportunities. Here’s a breakdown of what we’re seeing in the local market as well as insights from national trends. Inventory Levels: What’s Happening? Inventory levels in Abilene have reached new highs, climbing from 3.9 months […]
Real Estate Thoughts High Commission Splits: A Realistic Breakdown It’s no secret that many brokerages love to advertise high commission splits to attract new agents. On the surface, these offers can seem too good to be true — and, in many cases, they are. While a 90% split may sound like an excellent deal, the reality is often much more complex. Here’s the truth: […]
Real Estate Thoughts Understanding the Housing Affordability Index Understanding the Housing Affordability Index: Texas and Abilene, TX The Housing Affordability Index (HAI) is a measure that compares the median family income to the median price of housing, providing insights into how affordable housing is in a given area. This index is a critical tool for understanding the financial accessibility of homes for families […]
Housing Insights Abilene Housing Insights: August 2024 Another inventory record has been hit this month as we continue to see lower buyer demand in the market. Following the trend of the last several months, buyer demand has been tempered by persistently high interest rates. Additionally, as the early fall months often coincide with back-to-school season, real estate activity tends to slow down […]
Real Estate Thoughts How Collaboration, Not Competition, Benefits Our Clients Why We Don’t Do Property Management—and Why It Matters At BHGRE Senter, REALTORS, we often get asked why we don’t offer property management services. The answer is simple: We’re committed to providing the absolute best service to our clients, and we believe that specializing in real estate sales—residential and commercial—is how we do that. One […]
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Housing Insights Abilene Housing Insights: July 2024 Rising Inventory Levels Inventory levels in Abilene continue to rise, increasing options for buyers across various price ranges. While higher interest rates were still a factor for much of July, we began to see a pull-back towards the end of the month, which continued into August. Sales Trends & Market Comparison It’s important to note […]
Housing Insights Abilene Housing Insights: June 2024 As we wrap up the first half of 2024, let’s take a closer look at the Abilene housing market trends and key insights from top economists at the National Association of REALTORS®. Market Trends: Inventory Levels: We’ve seen a steady rise in inventory from 3.7 months and 684 total listings in January to 4.6 months […]
Housing Insights Abilene Housing Insights – May 2024 Welcome to our latest housing market update for Abilene. As we dive into the data from May 2024, we’ll explore the trends and shifts that are shaping the local real estate landscape. Plus, in celebration of National Homeownership Month, we’ll reflect on the importance of owning a home and how it impacts our community. Inventory […]
Housing Insights Abilene Housing Insights: April 2024 Spring has sprung, and the Abilene housing market is reflecting that with a much-anticipated boost in activity. After a sluggish first quarter, April has brought a refreshing uptick, signaling a strong start to the spring selling season. While rising interest rates and home prices continue to challenge buyers, the inventory of available homes is at […]
Housing Insights 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 […]
Housing Insights Abilene Housing Insights: February 2024 Market Activity Trends Activity is picking up but remains below February 2023 levels. With pending contracts indicating a positive trajectory, March is anticipated to witness a significant uptick, traditionally signaling the onset of the spring selling season. This year holds even greater promise due to favorable interest rates and market conditions. Pricing Dynamics Lower interest […]
Housing Insights Abilene Housing Insights: January 2024 As January unfolded, it brought with it the gentle stirring of a new year in Abilene’s housing market. While the 115 closed sales is significantly less than many previous months, it’s a reflection of a shifting landscape from the seller’s market that characterized much of 2023. Indeed, last year saw a notable decline in sales […]
Real Estate Thoughts Get to Know BHGRE Senter, REALTORS! For nearly 70 years, Better Homes and Gardens Real Estate Senter, REALTORS has been the cornerstone of real estate excellence in Abilene. Our proud family-owned firm, deeply rooted in the community, has played a pivotal role in shaping the real estate landscape, serving both residential and commercial clients with distinction. A Legacy of Trust and […]
Housing Insights Abilene Housing Insights: December and Year-End 2023 Inventory Surge and Rate Resilience As we bid farewell to 2023, it’s time to reflect on a real estate journey marked by highs, lows, and transformative shifts. The Abilene housing landscape witnessed a notable surge in inventory, with the consumption rate climbing from 1.3 months two years ago to the current 3.5 months. The interest […]
Housing Insights Abilene Housing Insights: November 2023 In the dynamic landscape of Abilene’s housing market, November 2023 brings a breath of fresh air, especially with the notable relief in mortgage rates. Let’s delve into the latest updates shaping the real estate scene in Abilene. Mortgage Rates Take a Dive: The Federal Reserve’s decision to maintain steady rates and the promising economic outlook […]
Abilene Favorites Exploring Abilene, TX: A Guide for Prospective Residents Are you considering a move to Abilene, Texas? This vibrant city, nestled in the heart of the Lone Star State, has much to offer. From its educational opportunities to its rich Western heritage, Abilene has a unique character that makes it a wonderful place to call home. Let’s dive into the top five things you […]
Housing Insights Abilene Housing Insights: October 2023 As we gather to celebrate Thanksgiving, let’s reflect on the state of the real estate market and look ahead to what November holds. Mortgage Rate Relief: October brought a slowdown in the real estate market, primarily due to the impact of mortgage rates. However, there’s good news on the horizon. Positive signals from the Federal […]
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