According to the report, 1,246 homes were sold in Williamson County during June 2017. The median price for Williamson County homes increased 6.0% year-over-year to a whopping $282,900 during the same period.
“While we are continuing to experience increasing growth within Williamson County, there are pockets within the county that are not experiencing the same level of growth.” says Suzanne Gantner, President of WCREALTORS. “With home prices rising as quickly as they have been in recent months, now is the time for potential buyers to get pre-qualified and explore the possibility of becoming home owners.”
When comparing the Williamson County housing numbers to the entire Austin-Round Rock Metropolitan Statistical Area (includes Hays, Travis and Williamson Counties) the difference in the median home prices is continuing to shrink. The median home price for the MSA is $305,000, a difference of $22,100. The market share of homes sold in Williamson County accounted for 33% of all resale homes sold for the entire MSA, a number that has remained consistent for some time.
Williamson County’s monthly housing inventory is steadily increasing. In June, Williamson County had 2.9 months of inventory; an increase of 31.8% from last June, and one of the largest numbers we’ve seen in the past 18 months. 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. The current market is showing a market that still leans toward favoring the sellers.
During June, homes spent an average of 47 days on the market, and took an average of 37 days to close; the entire home selling process took an average of 84 days to complete, an increase of 6 days compared to June 2016. Additionally, there were 2,581 active listings for the Williamson County housing market during the same period, a 32.4% increase from last June.
Quick Stats for June 2017
- 1,246– Homes sold, 3.5 percent more than June 2016.
- $282,990 – Median price for homes, 6.0 percent more than June 2016
- 2.9 – Monthly housing inventory in June 2017.
- 47– Average number of days homes spent on the market in June 2017.
- 2,581 Active home listings on the market in June 2017.
“We have experienced an unexpected slowdown in some parts of Williamson County” said Gantner. Georgetown experienced a 12.6% decrease in home sales, and Taylor saw home sales plummet by 29% when compared to last year. Both cities have seen prices and active listings increase. “
With a growing economy, booming population, and high quality of life, WC is a wonderful place to live, work and do business. As such, the demand for WC real estate remains strong and enduring. Texas REALTORS® continue to work daily to protect the rights of private-property owners, keep homeownership affordable, and promote public policies that benefit homeowners.
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®.