How sizzling is the actual property market within the Abilene space? Residence costs fell over a yr

The median gross sales worth for a single-family dwelling in Taylor County throughout November was $198,341. That is a lower of 8.3% in contrast with November 2020, in keeping with a USA TODAY Community localized evaluation generated with information from

The variety of homes offered fell by 11.2% from a yr earlier. A complete of 158 homes have been offered countywide throughout the month of November. Throughout the identical interval a yr earlier, 178 single-family houses have been offered.

Learn extra: Will dwelling costs preserve climbing in 2022 or stabilize? Actual property brokers weigh in.

Males assemble the body of a home within the Heritage Park neighborhood of north Abilene Jan. 28, 2022.

Actual property gross sales can take weeks or months to be recorded and picked up. That is the most recent information made out there by to the USA TODAY Community.

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How sizzling is Taylor County’s actual property market in Texas?

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The highest 10% of the properties offered had costs of at the very least $389,900, down 1.4% from a yr earlier than.

In November, no properties offered for $1 million or extra.

The median dwelling sale worth — the halfway level of all the homes or items offered over a time frame — is used on this report as a substitute of the common dwelling sale worth as a result of consultants say the median affords a extra correct view of what is occurring in a market. To find the common worth, all costs of houses offered are added after which divided by the variety of houses offered. This measure will be skewed by one low or excessive worth.

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The USA TODAY Community is publishing localized variations of this story on its information websites throughout the nation, generated with information from Localized variations are generated for communities the place the info high quality and transaction quantity meets and USA TODAY Community requirements. The story was written by Sean Lahman.

This text initially appeared on Abilene Reporter-Information: Properties within the Abilene space dwelling offered for decrease costs yr over yr

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