A report issued Wednesday by Shine Team Realtors in Harker Heights stated 2012 home sales have exceeded last year’s.
According to the data, 227 homes have sold so far in 2012 compared to 225 in 2011.
These numbers reflect a drop from 240 in 2010 and 358 in 2009.
Scott Shine, a broker at Shine Team, compiled the report with numbers issued by the Fort Hood Area Association of Realtors and Temple-Belton Board of Realtors MLS databases.
“I think there are a few things that affect the increase in the market,” Shine said. “We have a significant number of active-duty soldiers at Fort Hood who are actually living here after returning from Iraq or Afghanistan. I think there is a psychological aspect as well. There haven’t been a lot of positive stories about the market since 2007. We’re starting to see a lot more of those, so that helps.”
Shine said significant non-housing development in Central Texas communities likely also had an impact.
Still, the number of average days on the market increased every year since 2009, according to the report. In 2010, the average home was on the market for 112 days.
In 2011 and 2012, those numbers were 127 and 133, respectively.
“It is definitely a significant statistic,” said Michael DeHart, association executive at the Fort Hood Area Association of Realtors. “If a house is on the market more than 120 days, there is definitely a problem.”
James Gaines, a real estate economist at Texas A&M University’s Real Estate Center in College Station, said one year is not enough to declare a trend, but he does expect more positive movement in 2013.
“The general feeling is the market has probably bottomed out,” Gaines said. “The outlook and expectation is that it is going to get better in 2013.”