Kyle Inventory Of Active Listings Jump In August
Four Rivers Association of REALTORS® releases real estate statistics for August 2016
August 12, 2016 – The Four Rivers Association of REALTORS® has recently released their market report for August 2016 and Kyle’s market is strong. The median home price for the month of August was $195,000 steadily increasing by 8% YearOverYear.
The number of homes sold were up slightly by 4.7% from this time last year with 89 listings closing last month. This biggest jump in August was experienced in the number of active listings hitting the market. Active listings in Kyle jumped 38% year-over-year to 138 listings in August 2016.
The available housing inventory* in Kyle increased by .5% over August 2015 at 1.9 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 33 days on the market, 6 days more than August 2015. This is a strong indicator that the market in Kyle is extremely active and fast-paced.
August 2016 Statistics – Kyle – As compared to August 2015 (YOY)
- 89 – Homes sold, 4.7 percent increase YOY
- $195000 – Median price, 8 percent increase YOY
- 1.9 – Monthly housing inventory, .5 months more YOY
- 33 – Average number of days homes spent on the market, 6 days more YOY
- 138 – Active listings, 38 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.
Contact
For more information or additional comment about this report, please contact Amy DuBose, Four Rivers Association Executive, at amy@fourriversrealtors.com.
