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Should I Wait for Mortgage Rates To Come Down Before I Move?

By |2024-06-01T16:12:46-05:00April 29, 2024|Real Estate|

If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you. In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold. But when rates start to come [...]

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Killeen-Temple MSA February 2024 Housing Report

By |2024-03-17T13:26:06-05:00March 17, 2024|Market Reports|

*Please keep in mind this is for the entire Killeen-Temple Metropolitan Statistical Area (MSA). If you want zip code specific stats, I am happy to get them to you!* First up, we have the Months Supply of Inventory, which currently stands at 3.8. This number tells us how long it would take for all the current homes on the market to be sold if no new listings were added. A lower number like this typically indicates a seller's market, where demand is high and supply is limited. Next, we have the 12-Month Change in Months of Inventory, which has seen [...]

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Killeen-Temple MSA January 2024 Housing Report

By |2024-02-20T10:11:22-06:00February 15, 2024|Market Reports|

Please keep in mind this is for the entire Killeen-Temple *metropolitan statistical area (MSA). If you want zip code specific stats, I am happy to get them to you! First up, we have the Months Supply of Inventory, which currently stands at 3.6. This number tells us how long it would take for all the current homes on the market to be sold if no new listings were added. A lower number like this typically indicates a seller's market, where demand is high and supply is limited. Next, we have the 12-Month Change in Months of Inventory, which has seen [...]

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Killeen-Temple MSA November 2023 Housing Report

By |2023-12-22T12:23:37-06:00December 22, 2023|Market Reports|

Please keep in mind this is for the entire Killeen-Temple *metropolitan statistical area (MSA). If you want zip code specific stats, I am happy to get them to you! First up, we have the "Months Supply of Inventory," which currently stands at 3.8. This metric indicates how many months it would take to sell all the available homes on the market, given the current pace of sales. A lower number suggests a seller's market, where demand outpaces supply, and homes tend to sell quickly. However, the "12-Month Change in Months of Inventory" has seen an increase. This means that over [...]

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Killeen-Temple MSA October 2023 Housing Report

By |2023-11-18T11:40:38-06:00November 15, 2023|Market Reports|

Please keep in mind this is for the entire *metropolitan statistical area. If you want zip code specific stats, I am happy to get them to you! First up, we have the "Months Supply of Inventory," which currently stands at 3.7. This metric indicates how many months it would take to sell all the available homes on the market, given the current pace of sales. A lower number suggests a seller's market, where demand outpaces supply, and homes tend to sell quickly. However, the "12-Month Change in Months of Inventory" has seen a slight increase. This means that over the [...]

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Killeen-Temple MSA September 2023 Housing Report

By |2023-10-18T10:51:47-05:00October 16, 2023|Market Reports|

Please keep in mind this is for the entire *metropolitan statistical area. If you want zip code specific stats, I am happy to get them to you! Hey there, Killeen- Temple area neighbors! Ashley Billins here, your trusted REALTOR®. Let's dive into the latest market trends for September 2023. Did you know that there's currently a 3.5 Months Supply of Inventory? That means we are still in a seller's market, but finally approaching more balance between supply and demand in our area. And guess what? Over the last 12 months, Months Supply of Inventory has increased by a whopping +43.3% [...]

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Austin- Round Rock MSA September Housing Report

By |2023-10-18T10:49:14-05:00October 12, 2023|Market Reports|

Please keep in mind this is for the entire *metropolitan statistical area. If you want zip code specific stats, I am happy to get them to you! Hey Austin area buyers and sellers! Ashley Billins, your trusted REALTOR® here with an exciting market update for September 2023! Let's dive into the latest trends and numbers that will help you make informed decisions. Did you know that currently, there's a 4.0 Months Supply of Inventory in the Austin metropolitan area? That means we are approaching a more healthy balance between supply and demand. Similarly, over the last 12 months, the Months [...]

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Austin- Round Rock MSA August 2023 Housing Report

By |2023-09-14T17:37:52-05:00September 14, 2023|Market Reports|

Please keep in mind this is for the entire metropolitan area. If you want zip code specific stats, I am happy to get them to you! First off, we have the Months Supply of Inventory, which currently stands at 3.8. This metric represents the number of months it would take to sell all the available homes on the market, given the current sales pace. A lower supply indicates a seller's market, where demand exceeds supply, potentially leading to increased competition among buyers. Next, let's consider the 12-month change in Months of Inventory, which shows an increase from 2.8 months of [...]

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Killeen-Temple MSA August 2023 Housing Report

By |2023-09-14T17:16:02-05:00September 14, 2023|Market Reports|

When it comes to understanding the real estate market, there are several key metrics that can provide valuable insights for both buyers and sellers. Let's dive into the correlation between these metrics and what they mean for you. First, let's take a look at the months supply of inventory, which stood at 31 in August. This metric represents the number of months it would take to sell all the available homes on the market, given the current sales pace. A lower months supply indicates a seller's market, where demand outpaces supply, putting sellers in a favorable position. However, it's important [...]

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