Burnet Real Estate Market Extends Downward Trend in Home Sales

The Burnet market may be experiencing a prolonged pullback, but sales managed an uptick this week of 33.3% to four homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. Prices are falling in Burnet, and this period the median price of all sales fell from $274,900 to $254,950. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Burnet is a definite seller's market.

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Demographic facts for Burnet:

  • The rating for this area for population growth is 81. (Scale: 1 = Worst, 100 = Best)
  • This area has 114.6 physicians per 100,000 people.
  • The health cost index score in this area is 96.1. (100 = national average)
  • The breakdown of residents commuting to work is 75.4% by car, 13.8% by carpool, and 0.1% by public transit.

Data reported through 1/11/2017

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Ask a local expert about this area:
Berkshire Hathaway Tx Realty
Snapped 7 homes in this area

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