Abilene action, local leases

ABILENE – Continuing a 13-month streak, Abilene homes leased slower when contrasted to market absorption in the same month from the prior year.

Using September 2016 North Texas Real Estate Information System data, 105 single-family homes were leased in September 2016.  This overview utilizes NTREIS data on leased properties in Abilene. The data provides 13 months of data spanning September 2015 to September 2016, allowing the user to look across these months at changes in rental prices, days on market and inventory available town wide, both by school district and by ZIP code.

These units leased at, on average, 75 cents per square foot and were sized at 1,496 square feet. Homes in 79602 and 79603 leased in 28 days. Considering the coming 12 months and the leases executed during September 2016, they potentially account for a $1,414,995 annual contribution to Abilene’s economy.