The Temple market held steady with a less than 1 percent change in its median house price of $174k this May compared to last year. Active listings were down 11.4% while closed sales were up 9.5%. With homes on the market for an average of 64 days (a drop of 6 days compared to May 2018), we could see median prices continue to hold steady as we enter the Summer.
In the Belton market, the median price was down 14.1% to $199K. The number of closed sales jumped 46.7% to a total of 44 in the past month of May. While active listings were down to 82 (a drop of 16.3% compared to last year) the average days on the market dropped 13 days to a total of 50.
Active listings were down in the Killen market by 34.1%. As of May, the market had 317 active listings. With the drop in listings, the market saw the median price rise 2.6%. With the median price sitting at $137k, the rising prices seem to correspond with increased closed sales, which rose by 35.1%. The drop in active listings combined with a spike in closed sales could increase median prices as the Spring market ends.
Harker Heights saw both it’s median price increase 4.6% to $216K this May compared to last year. Closed sales in the market were up 15.5% to a total of 67. Active listings were down 14.8% to a total of 109. Active listings closing at a steady rate comes as good news for the Harker Heights market as it approaches the Summer season.