Housing Insights

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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 […]
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 […]
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 […]
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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 […]
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 […]
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 […]
Housing Insights Abilene Housing Insights: September 2023 It’s time to take a close look at the current state of the Abilene housing market. The past year has brought both challenges and opportunities, with shifting interest rates and home prices impacting the landscape. In this article, we’ll explore some of the key trends that are shaping the Abilene housing market and what they […]
Housing Insights Abilene Housing Insights: August 2023 August 2023 Housing Stats for Abilene, TX: Navigating a Volatile Market In the ever-evolving landscape of real estate, the housing market in Abilene, TX, for August 2023 continues to be a rollercoaster ride. With fluctuating mortgage rates, prospective buyers and sellers are treading carefully. The upcoming federal update holds promise for potential changes in the […]
Housing Insights Abilene Housing Insights: July 2023 July 2023 Housing Insights: Navigating a Shifting Market As we delve into the midyear point of 2023, the housing market continues to be a realm of dynamic shifts and evolving trends. Let’s take a closer look at the latest insights that define the current landscape. Interest Rates and Market Expectations The anticipation of a potential […]
Housing Insights Abilene Housing Insights: June 2023 Market Overview: Embracing the New Normal As we move through June, the real estate market is showing signs of returning to a pre-pandemic state. A critical milestone has been reached with over 3 months of housing inventory available for sale, marking the first time since 2019. While we must adjust to the new pricing paradigm, […]
Housing Insights Abilene Housing Insights: May 2023 Welcome to Abilene Housing Insights, your source for the latest updates on the local real estate market. In this edition, we’ll dive into the current trends and challenges that homebuyers are facing in May 2023. Stay informed and gain valuable insights to make informed decisions for your real estate endeavors. Market Update: The Abilene housing […]
Housing Insights Abilene Housing Insights: April 2023 As the housing market in Abilene experiences notable shifts, it’s crucial to stay informed and adapt to the evolving conditions. In this blog, we’ll discuss the changing market trends and provide valuable guidance for both sellers and buyers. Market Analysis: 1. Increased listing inventory: We’ve observed a substantial rise in available listings, indicating a more […]
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