Balanced Killeen area market slightly favors buyers

KILLEEN – The Greater Killeen-Fort Hood area has had more than 1,400 homes available to purchase in the last eight months, slightly favoring buyers in the housing market.

As of August 2013, there were 1,554 homes available in the Fort Hood market, according to data from the Fort Hood Area Association of Realtors. The number has steadily climbed from 1,399 available in December 2012.

The Fort Hood area, which encompasses Nolanville to Gatesville to Lampasas, averaged 206 home sales per month between January 2012 and August 2013 with months varying from 150 to 285.

There has been an average of 6.9 months of housing inventory in the Greater Fort Hood Area Realtors’ Association coverage area from January 1 to August 31, 2013.

Having a balanced market is ideal because homes are being sold quickly, buyers have options, there is room to negotiate and the market is not overinflating itself.

Listen to Podcast 190…for this story and more!