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Are Home Prices Starting to Flatline in Williamson County?

Are Home Prices Starting to Flatline in Williamson County?

Dec 12, 2017

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Are Home Prices Starting to Flatline in Williamson County?
Williamson County Association of REALTORS releases real estate statistics for November 2017

Round Rock, Texas – 12 December 2017 – There is no doubt that Williamson County is the best place to call home in Central Texas: award winning schools, larger lots, and less expensive homes! Because of this, the real estate market in Williamson County is showing no signs of cooling off anytime soon. Based on the report released today from the Williamson County Association of REALTORS® (WCREALTORS), home prices, the number of sales, and housing inventory all increased during November.

“This is one the best November’s yet,” said WCREALTORS President, Suzanne Gantner. “The Thanksgiving holiday didn’t slow down home sales at all this month. We are seeing another month of increased inventory and number of sales.”

According to the November 2017 Williamson County Housing Market Report, the median home price for all residential properties was $270,460. This is only a slight increase from November 2016; however, the median price in Williamson County is still 7.9% less than the entire Austin MSA, and $57,000 less than Travis County.

Based on the numbers in the Housing Report, 28.5% of the listings reported in the MLS were new construction. These new construction listings are showing a 39% increase compared to November of 2016.

“The median home price for a new home in Williamson County is approximately $30,000 more than a resale,” said Gantner. “The builders are filling an inventory gap across the county, giving potential buyers exactly what they are looking for.”

Williamson County’s monthly housing inventory is increasing (when compared year-over-year). In November , Williamson County had 2.4 months of inventory and a 20.2% increase of listings compared to last November. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

During November, existing homes spent an average of 47 days on the market, and there were 2,186 active listings for the Williamson County housing market during the same period.

Quick Stats for November 2017 – All Residential Properties
  • 813 – Homes sold, 10.3 percent more than November 2016.
  • $270,460 – Median price for homes, 0.2 percent more than November 2016.
  • 2.4 – Monthly housing inventory in November 2017.
  • 2,186 Active home listings on the market in November 2017.

About the data in this report
Certain information contained herein is derived from MLS listing data provided by Austin/Central Texas Realty Information Service as well as the Central Texas Multiple Listing Service through the Texas REALTOR® Data Relevance Project, a partnership among local REALTOR® associations and their MLSs, the Real Estate Center at Texas A&M and the Texas Association of REALTORS®.

About the Author

WCLife Admin

WCLife Admin

"The Mission of the Williamson County Association of REALTORS® is to help its members meet present and future real estate challenges in Williamson County, to enhance and promote REALTOR® members’ professionalism, to encourage member involvement in the various communities of Williamson County, and to provide quality services for its members."

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