Author

Shelly Salas

The local real estate market has seen notable shifts in recent months. Focusing on September, October, and November 2024 data reveals interesting patterns. Let’s explore the numbers for Bell County and Coryell County, analyzing trends in closed sales and active listings.

In Bell County, residential sales showed varying patterns across the months. September saw a 2% decrease compared to the previous year. October remained stable, with no significant change in sales. However, November brought a surprising 16% increase in closed sales, a sharp contrast to the preceding months.

Breaking it down further, sales of three-bedroom homes dropped 12% in September and 8% in October but rose by 22% in November. Similarly, four-bedroom home sales increased nearly 19% in November. This unexpected surge raises questions: Could the election have influenced buyer confidence? While we can only speculate, the timing of this increase is noteworthy.

Active listings also revealed trends. The number of homes on the market increased by 29% in September and 31% in October compared to the previous year but dropped to 27% in November. This shift in inventory reflects changes in seller activity and possibly buyer demand.

In Coryell County, sales painted a contrasting picture. September’s sales fell by 22%, and October saw a 9% drop compared to the previous year. November experienced an even sharper decline, with sales down by 34%.

Active listings in Coryell County followed an opposite trend to sales. Inventory increased by nearly 37% in September. While more homes were available, fewer sales occurred, highlighting the importance of having a local market expert.

The differences between Bell and Coryell County emphasize the importance of hiring a knowledgeable local real estate agent. Real estate is highly localized, and understanding the nuances of a specific market is crucial. Data tells part of the story, but agents who live and work in these areas daily provide invaluable insights.

Hiring someone who truly understands the market can make a significant difference in navigating the complexities of buying or selling a home. Choose an agent based on their expertise and track record in your area, not just familiarity or convenience.

The year-end data for Bell and Coryell County showcases how market trends can vary even within neighboring areas. Bell County’s November surge and Coryell County’s sharp decline remind us that real estate markets are dynamic and influenced by local factors. Whether you’re buying or selling, relying on a local expert ensures you have the best guidance tailored to your unique market conditions.