September 2018 Housing Report
Monday, October 15, 2018
Written By: Kent Prickett

Round Rock, Texas – 15 October 2018 – Home sales in Williamson County decreased 9.3% in September 2018; however, median home prices slightly rose by 1.1% (when compared year over year), according to the September 2018 Williamson County Housing Market Report released today by the Williamson County Association of REALTORS®.

According to the September 2018 Williamson County Housing Market Report, the median home price for all residential properties was $271,000, a modest increase of 2.1% when compared to September 2017. The median price in Williamson County is 8.5% (or $28,900) less than the Austin MSA Median Price of $299,900. 

“Traditional data tells us that spring and summer are the best time of year to list your house for sale,”  said Victoria Reviel, 2018 President of the Williamson County Association of REALTORS®. “That time is over, and we are entering the slow selling season. Homes are sitting on the market a bit longer, and any active buyers are more serious in their purchasing efforts and will be eager to buy and get settled in before the holidays.”

Based on the numbers in the Housing Report, 22.6% of Williamson County sales reported in the MLS were new construction.  The Austin-Round Rock MSA has only 20.6% new listings, and the state of Texas, 14.2%. Furthermore, the Williamson County new construction market is showing a median price of $299,900, 14.0% more than the median price for existing homes sales ($263,000) in September. Currently, there are 1,170 active new construction listings reported across Williamson County, compared to 1,633 existing home listings, making up 41.7% of inventory in Williamson County.

During September, Williamson County had a total of 3.0 months of inventory and a 5% increase in listings compared to last September. Based on these numbers, Williamson County is still in a 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.

“While September is usually when the real estate market starts to slow,” Reviel added, “we saw a large decrease in the number of sales across the entire county. The only municipalities showing increases in sales this month were Georgetown and Liberty Hill..”

During September, existing homes spent an average of 41 days on the market, as compared to a new construction home which averaged 96 days on the market.

 Quick Stats for September 2018 – All Residential Properties

  • 847 – Homes sold, 9.3 percent decrease
  • $271,000– Median price for homes, 1.1 percent increase
  • $308,185– Average price for homes, 5.4 percent increase
  • 3.0 – Monthly housing inventory in September 2018
  • 2,803- Active home listings on the market in September 2018

Quick Stats for September  2018 –Existing Home Properties

  • 654– Homes sold, 3.1 percent decrease
  • $263,000 – Median price for homes, 3.1 percent increase
  • $300,246– Average price for homes, 6.9 percent increase
  • 2.4 – Monthly housing inventory in September 2018
  • 1,633 – Active home listings on the market in September 2018

Quick Stats for September 2018 –New Construction Properties

  • 192– Homes sold, 26.2 percent decrease
  • $299,900– Median price for homes, no increase/decrease
  • $335,653– Average price for homes, 3.8 percent increase
  • 4.7– Monthly housing inventory in September 2018.
  • 1,170– Active home listings on the market in September 2018.
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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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