Killeen’s market statistics are in for August 2016, and I’m happy to report that Killeen is still listed among the most affordable housing in the nation.
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Today I’d like to report the August 2016 market statistics for Killeen. All of our data comes directly from the Multiple Listing Service. Last month we focused only on the city of Parker Heights, and future reports will be from the other surrounding towns and cities.
In August of this year, 185 homes sold in Killeen, which is an 11% increase over the same time last year. Of those homes, the average sales price was $123,400, with the typical home selling at 99% of the asking price.
Killeen has consistently been listed among the most affordable housing in the nation, and this year is no exception. The average days on market for August was 119 days, which is pretty similar to August of last year when the average days on market was 116.
Killeen is still among the most affordable places to live in the nation.
VA financing remains the most popular form of financing, accounting for 56% of the loans taken out. Interestingly, 16% of those sales were cash transactions, which is very strong for this area.
So far this year, Killeen homes have continued to sell for about 98% of the asking price. I am also amazed to learn that 60% of these homes have sold with the first agent that they were listed with.
If you’re interested in stacking the odds in your favor by listing your home with an agent from the Jean Shine Team or you know somebody that is, feel free to give me a call or send me an email. We are already preparing homes for the coming winter and fall months and we’d be happy to help you!
