New homes in Killeen keep existing home values low

KILLEEN – A closer look at the inventory of homes and apartments up for sale or rent should be troubling to those who own home or want to sell their current home.

According to the most conservative estimates, the number of homes on the market from month to month hovers around 500, with about nine months of home inventory. This high inventory is likely caused by the constant building of new homes in the area.

According to permit lists from Killeen, the city has continuously approved new homes at a rate of about 50 per month over the past year.

That is causing other existing homes to stay on the market longer and keeping their value down.