Market Statistics - August 2018
Friday, September 14, 2018
Written By: Kent Prickett

Round Rock, Texas – 14 September 2018 – Home sales in Williamson County increased 6.9% in August 2018. Additionally, median home prices jumped 6.1% (when compared year over year), according to the August 2018 Williamson County Housing Market Report released today by the Williamson County Association of REALTORS®.

According to the August 2018 Williamson County Housing Market Report, the median home price for all residential properties was $289,640, an increase of 6.1% when compared to August 2017. The median price in Williamson County is 8.5% (or $25,360) less than the Austin MSA Median Price of $315,000. 

“Kids are back in school and fall is quickly approaching. We are seeing that Williamson County Listings are slightly up, median home prices are up, and buyer demand has leveled out,” said Victoria Reviel, 2018 President of the Williamson County Association of Realtors®.

Based on the numbers in the Housing Report, 23.3% of Williamson County sales reported in the MLS were new construction.  The Austin-Round Rock MSA has only 18.6% new listings, and the state of Texas, 13.2%. Furthermore, the Williamson County new construction market is showing a median price of $305,000, 9.6% more than the median price for existing homes sales ($278,177) in July. Currently, there are 959 active new construction listings reported across Williamson County, compared to 2,617 existing home listings.

During August, Williamson County had a total of 3.0 months of inventory and a 9.1% increase in listings compared to last August. 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 the market has increased, it has not significantly affected the market conditions

“Overall, Williamson County is doing well and will be for the foreseeable future,” Reviel added. “First and foremost, you should always use an experienced Williamson County REALTOR®; they can provide the valuable information that you will need to buy or sell a property and guide you to a smooth closing.”

During August, existing homes spent an average of 38 days on the market, as compared to a new construction home which averaged 93 days on the market.

Quick Stats for August 2018 – All Residential Properties

  • 1,135 – Homes sold, 6.9 percent increase
  • $289,640– Median price for homes, 6.1 percent increase
  • $315,753– Average price for homes, 6.0 percent increase
  • 3.0 – Monthly housing inventory in August 2018
  • 2,844 - Active home listings on the market in August 2018

Quick Stats for August  2018 –Existing Home Properties

  • 870– Homes sold, 3.1 percent increase
  • $281,000 – Median price for homes, 8.1 percent increase
  • $312,040– Average price for homes, 7.0 percent increase
  • 2.5 – Monthly housing inventory in August 2018
  • 1,716 – Active home listings on the market in August 2018

Quick Stats for August 2018 –New Construction Properties

  • 264– Homes sold, 21.1 percent increase
  • $309,495– Median price for homes, 2.8 percent increase
  • $327,975 – Average price for homes, 1.7 percent increase
  • 4.4– Monthly housing inventory in August 2018.
  • 1,128– Active home listings on the market in August 2018.

About the data in this report

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:
Kent has a passion for helping people and has a dream of making a difference in the lives of the people he encounters. In addition to making sure that all the technology in the building is running at optimal levels, Kent also is in charge of the flyers, branding, news articles, press releases and blogs for the Association. Furthermore, he works closely with local media promoting the Association and its members. He also maintains the websites and all the technology in the building. Kent is a graduate of Texas State University and in his spare time enjoys cooking, watching movies and spending time with his family and their friends.

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