Abilene

Abilene housing market sees record year

2015 was a strong year for Abilene housing market

ABILENE, Texas - Last year set a record for the Abilene housing market.

The Abilene Association of Realtors said 2015 was one of the strongest years in recent history for the number of houses sold and the median price per home.

In 2015, 1,629 homes were sold in Abilene, beating the 1,443 homes sold in 2014.

Last year, the median home price was around $149,000, and statewide that number was $195,000.

Judy Harris, the President of the Abilene Association of Realtors said though prices are up, other parts of the state are still higher.

"I understand that housing is a big part of someone's budget but when you look at our prices compared to other areas around the state it's still very affordable," said Harris. "With the interest rates being very low you can buy a lot more house today then you could with the interest rates higher as they were previously."

In real estate, it's all about balance and Harris said Abilene has that.

"It's interesting that the days on the market are shorter but yet they're still an adequate inventory supply," said Harris. "In other words even though they're selling quicker there are still homes available so it's really a good balance between buyers and sellers."

Harris said 2016 is shaping up to be a steady year for home sales.


Recent Headlines

Local Mugshots

Local News -