Home nationally have sold at a very high rate while locally very few homes are available for purchase.
Michael DeHart, the association executive for the Fort Hood Area Association of Realtors, tried to explain why the housing market is where it is in the Killeen-Fort Hood area.
âThe biggest issue in the current market is that there are not enough houses for sale. This results in multiple offers for each house, often driving the cost up,â DeHart said. âThere are currently 95 homes active in the MLS (Multiple Listing Service). Of those, 32 are priced at $200K or more.â
On top of the 32 homes at $200,000 or more, there have been homes sold in the Killeen area at $400,000 and $500,000 as well, but DeHart says this is nothing new.