FOCUS on the Market - February 2011 Fort Hood Market Stats

February Market Statistics

in the Fort Hood Texas Area

Residential properties saw a slight decrease in comparison to the same period in 2010.  We had 406 new listings, 142 sold listings and 213 listings go under contract in comparasion to 426 new listings, 182 sold listings, and 247 under contract listings in February 2010.  The average sales price for Fort Hood TX Residential Properties in the month of February 2011 was $123,965 compared to Feb 2010's average sales price of $123,897.  The average list to sell ratio for the Month of February 2011 was 98.1% compared to 98.18% in Feb 2010.  The average days to sell in February 2011 is 119 compared to 73 in February 2010.

WHAT DOES ALL OF THIS MEAN??

There has been a 4.3% decrease in new homes coming onto the market, but a 22% decrease in homes sold for the same time period last year.  Sellers in the Fort Hood TX Market are experiencing more days on the market (46 days on average) as a result.  Good news for buyers - there are many great homes available in the Fort Hood TX Market.  Good news for sellers though - the homes are yeilding a slightly higher sales price than the same time last year.  The list to sell ratio has remained relatively the same for the same time period last year meaning that homes in this area generally sell for at least 98.1% of their listing price.  This is significantly different than in some of the other areas in the US where they regularly see lower offers accepted on properties.

Until next month...this has been the Fort Hood FOCUS on the Market brought to you by The FOCUS Team at Coldwell Banker United Realtors.  Feel free to give us a call to find out the current stats for your neighborhood or city!