The Temple market saw growth this March as home sales were up 22.4% compared to last year. The median price also saw a rise of 4.4% to $166K this March compared to March of 2018. With shrinking inventory, and active listings down the median price could continue to rise.
With 80 active listings, the Belton market’s seemingly drastic changes in market stats are most likely due to smaller numbers of closed sales. In fact, closed sales were down 3.7% this March with a total of 26. The relatively small number of closed sales resulted in the median price falling 33.4% this March compared to last year. It should be noted that out of the closed sales, 68% of the listings fell within the $100K-$199K range.
Killeen’s market showed some good signs of growth as we move into the Spring season. Median prices were up 6.8% and closed sales were up 34.2%. With 204 closed sales and 1.6 months of inventory, the Killeen market is moving into the spring with a need for more inventory.
With 106 active listings in March, Harker Heights saw a median price rise but based off a smaller inventory compared to March of 2018. The majority of listings within the $100K-$299K range, possibly lead to the rise in the median price of 5.4%. Additionally, the 34 sales that did close in the market were down 10.5% compared to March of 2018. Days on market has dropped by 30 days with the average days on market at 71 days.