How is Taylor County's real estate market? Home prices fell over year
The median sales price for a single-family home in Taylor County during July was $198,563. That's a decrease of 14.8% compared with July 2020, according to data from Realtor.com.
The number of houses sold fell by 26% from a year earlier. A total of 233 houses were sold county-wide during the month of July. During the same period a year earlier, 315 single-family homes were sold.
Real estate sales can take weeks or months to be recorded and collected. This is the latest data made available through Realtor.com to the USA TODAY Network.
Abilene real estate: See latest data on home sales, more
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The top 10% of the properties sold had prices of at least $352,800, down 81.9% from a year before.
In July, no properties sold for $1 million or more.
The median home sale price — the midway point of all the houses or units sold over a period of time — is used in this report instead of the average home sale price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes sold are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
More: Is it a good idea to list your home during the holidays? In 2021, yes. Here's why.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. The story was written by Sean Lahman.
This article originally appeared on Abilene Reporter-News: Taylor County's average home sold for a lower price than last year
