Kyle’s Housing Inventory In A Seller’s Market
Four Rivers Association of REALTORS® releases real estate statistics for September 2016
The Four Rivers Association of REALTORS® has recently released their market report for September 2016 and Kyle’s market is moving fast. The median home price for the month of September was $199995, steadily increasing by 13% YOY.
The number of homes sold were up by 27.6% from this time last year with 97 listings closing last month. An almost equal jump was seen in the number of active listings hitting the market. Active listings in Kyle rose 20.8% year-over-year to 122 listings in September 2016.
The available housing inventory* in Kyle increased by .2% over September 2015 at 1.6 months. The Texas A&M Real Estate Center says that anything below 6.5% is considered a seller’s market. Kyle has the lowest amount of inventory in the entire region.
Homes in Kyle spent an average of 34 days on the market, 3 days less than September 2015. This is a strong indicator that the market in Kyle is extremely active and fast-paced.
September 2016 Statistics – Kyle – As compared to September 2015 (YOY)
- 97 – Homes sold, 27.6 percent increase YOY
- $199995 – Median price, 13 percent increase YOY
- 1.6 – Monthly housing inventory, .2 months more YOY
- 34 – Average number of days homes spent on the market, 3 days less YOY
- 122 – Active listings, 20.8 percent increase YOY
Infographics for Kyle and our surrounding communities can be found at FourRiversREALTORS.com and then hovering over the ‘for consumers’ menu item.
With a growing economy, booming population and high quality of life, Texas is a great place to live, work and do business. As such, the demand for Texas real estate remains strong and enduring. Texas REALTORS® continue to work daily to protect the rights of private-property owners, keep homeownership affordable, and promote public policies that benefit homeowners.
* The inventory of homes for a market can be measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 months.
Contact – For more information or additional comment about this report, please contact Amy DuBose, Four Rivers Association Executive, at amy@fourriversrealtors.com.
About the Four Rivers Association of REALTORS® – The Four Rivers Association of REALTORS® is a 501(c)6 non-profit membership organization established in 1960. With over 1450 members, the association supports REALTORS® and Affiliates from across five counties including Caldwell, Comal, Gonzales, Guadalupe, and Hays. The association is owner of the Central Texas Multiple Listing Service (MLS), a for-profit MLS system that covers the area between Austin and San Antonio. For more information, please go to FourRiversREALTORS.com.
