How competitive is the Abilene housing market?

The Abilene housing market is quite competitive right now, with homes selling quickly and for higher prices than last year. There aren't many homes for sale, which adds to the competition. The median listing price for a home in Abilene is $340,000. That's almost a 20% increase from this time last year, and prices have also gone up a bit over the last month. You're also paying more per square foot now, with the median at $188, up 17.1% from last year. Homes are not staying on the market for very long in Abilene. The typical home is selling in just 45 days, which is much faster than last year. Fewer homes are also seeing price reductions, showing that sellers are getting their asking prices more often. There are fewer homes available for sale, with active listings down by over 50% compared to last year. Even though more new homes are coming on the market, the number of homes with pending sales is very high. For every active listing, there are almost 1.6 homes waiting to close, which shows strong buyer demand. If you are looking to buy in Abilene, be prepared to act fast and perhaps make a competitive offer, as homes are in high demand and prices have been steadily rising.