Williamson County home sales and prices increase in DecemberWilliamson County Association of REALTORS releases real estate statistics for December 2016
Round Rock, Texas – 15 January 2017 – Home sales in Williamson County increased 5.6 % in December 2016. Additionally, home prices increased (when compared year over year), according to the December 2016 Williamson County housing market report released today by the Williamson County Association of REALTORS®.
According to the report (the entire report can be found by clicking here), 846 homes were sold in Williamson County during December 2016, a 5.6% increase from the year prior. The median price for Williamson County homes increased 4.6% year-over-year to $261,369 during the same period.
“Unlike other parts of the country, Williamson County is still experiencing a strong seller’s market,” said WCREALTORS President Suzanne Gantner. “We are seeing more and more properties selling from the $200,000 - $375,000 price range and less in the under $200,000 range.” continued Gantner.
When comparing the Williamson County housing numbers to the entire Austin-Round Rock Metropolitan Statistical Area (includes Hays, Travis and Williamson Counties) the median home price is $25,600 less than the MSA as a whole. The market share of homes sold in Williamson County account for 31.4% of all resale homes sold.
Williamson County’s monthly housing inventory is at 1.9 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 strong seller’s market.
Homes spent an average of 60 days on the market. Additionally, there were 1,651 active listings for the Williamson County housing market during the same period, an 8.3% increase from December 2015.
Quick Stats for December 2016
- 846 – Homes sold, 5.6 percent less than December 2015.
- $261,369 – Median price for homes, 7 percent more than December 2015
- 1.9 – Monthly housing inventory in December 2016.
- 60 – Average number of days homes spent on the market in December 2016.
- 1,651 Active home listings on the market in December 2016.
With a growing economy, booming population, and high quality of life, WC is a great 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®.
"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."