The Williamson County Housing Market Continues to Grow Strong from 2017 and Into 2018. The Williamson County Association of REALTORS® released their market analysis report for February 2018. You can see the full report below.
Housing Market Report for Williamson County 2018-
Round Rock, Texas – 20 March 2018 – “Williamson County is starting off 2018 with what appears to be another record-breaking year for real estate sales in Central Texas,” said Victoria Reviel, 2018 President of Williamson County Association of REALTORS®. “According to the WCREALTORS® February 2018 Williamson County Market Snapshot, home sales are up by 13.4% in this fast-growing and popular region, that’s great news for Central Texas homeowners.”
According to the February 2018 Williamson County Housing Market Report, the median home price for all residential properties was $273,622, an increase of 2.3% when compared to February 2017. The median price in Williamson County is hovering about $21,000 less than the Austin MSA Median Price of $294,163.
Based on the numbers in the Housing Report, 28.2% of the listings reported in the MLS were new construction. Furthermore, the numbers demonstrate that the new home construction market in Williamson County is a different type of market than the resale market.
Furthermore, the new construction market is showing a median price of $323,499, 26.7% more than the median price for existing homes sales ($255,000) in January. Currently, there are 944 active new construction listings reported across Williamson County, compared to 765 existing home listings.
Williamson County’s monthly housing inventory is increasing (when compared year-over-year). In February, Williamson County had a total of 2.0 months of inventory and a 6.5% increase in listings compared to last January. Based on these numbers, Williamson County is still in a strong seller’s market; 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 are balanced. Even though the number of listings and the total days on market has increased, it has not greatly affected the market conditions.
During February, existing homes spent an average of 55 days on the market, as compared to a new construction home which averaged 109 days on the market.
Quick Stats for February 2018 – All Residential Properties
728– Homes sold, 13.4 percent more than February 2017.
$273,622 – Median price for homes, 2.3 percent more than February 2017.
2.0 – Monthly housing inventory in February 2018.
1,824 Active home listings on the market in February 2018.
Quick Stats for February 2018 – Existing Home Properties
523 – Homes sold, 8.7 percent more than February 2017.
$255,000 – Median price for homes, a flat change from February 2017.
1.3 – Monthly housing inventory in February 2018.
880 Active home listings on the market in February 2018.
Quick Stats for February 2018 – New Construction Properties
205 – Homes sold, 27.3 percent more than February 2017.
$323,499 – Median price for homes, 5.1 percent more than February 2017.
4.0 – Monthly housing inventory in February 2018.
944 Active home listings on the market in February 2018.
This is going to be a great buying and selling season for all! Strong housing market just in time for the warm weather! Contact me today so I can help you find your dream home tomorrow!