ABILENE HOUSING STATISTICS FOR APRIL 2016

Abilene home sales rose 5 percent to 146 homes in April 2016. The median price for Abilene homes increased 5 percent year-over-year to $140,950 in April 2016.

Abilene’s monthly housing inventory was 3.3 months in April 2016, 0.4 months more than the year prior. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 52 days on the market in April 2016, two days less than April 2015. Additionally, active listings increased 22 percent to 454 listings during the same time frame.

April 2016 Statistics At-A-Glance

·         146 – Homes sold in April 2016, 5 percent more than April 2015.

·         $140,950 – Median price in April 2016, 5 percent more than April 2015.

·         3.3 – Monthly housing inventory in April 2016, 0.4 months more than April 2015.

·         52 – Average number of days homes spent on the market in April 2016, two days less than April 2015.

·         454 – Active home listings on the market in April 2016, 22 percent more than April 2015.

As you can see, Abilene still has a strong housing market.  If you would like a FREE market analysis for YOUR home, please let us know!