Central Texas home sales so far this year look very similar to those in early 2012.
There were 440 homes sold in Central Texas in January and February. This number is down slightly from 446 through the first two months of 2012.
“The 2013 real estate market is shaping up to look a lot like 2012, which is a good sign for the Central Texas area,” said Scott Shine, of the Shine Team in Harker Heights. “I expect to see the current pace of home sales start ramping upward as we head into the spring and summer months.”
Michael Zehr, a broker at Armadillo Properties and Avalar Fort Hood Real Estate in Copperas Cove, said sales were a little lower than he would have liked in February. He thinks uncertainty about the economy is impacting potential buyers.
“It could be people are worried about a (federal) budget being put out,” Zehr said. “It could be about rumors of job cutbacks at Fort Hood. We have thousands of civilian workers on post, and I think they are worried about their jobs.
“It could affect the market for a while,” he added.
The average sales price for homes has gone down significantly so far this year. The average sale price in 2013 so far is $131,440. The Central Texas market closed the year out with an average of $140,333 in 2012.
Eva Keagle, an agent at ERA Colonial Real Estate in Harker Heights, thinks it is too early to panic.
She said with such a small sample size, the sale of just a few smaller homes could skew the numbers.
“It’s just one month,” Keagle said. “I don’t think it’s anything to be concerned with. It could be that one neighborhood just got hot in February.”
Shine agreed it was too early to judge what the falling sales prices mean.
“There was an increase from January to February this year, and I won’t be surprised to see that trend continue through the summer,” he said. “It’s too early to predict if the market will get back to the 2012 average.”