WILLIAMSON COUNTY ASSOCIATION OF REALTORS

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1 WILLIAMSON COUNTY ASSOCIATION OF REALTORS 123 E Old Settlers Blvd. Round Rock, TX Phone: wcrealtors.org FOR IMMEDIATE RELEASE 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. Contact: Kent Prickett, Communications Director Williamson County Association of REALTORS kent@wcrealtors.org Williamson County Real Estate Market Seeing Annual Leveling Out Round Rock, Texas 10 August 2018 Home sales in Williamson County increase 4.1% in. Additionally, median home prices increased 3% (when compared year over year), according to the July 2108 Williamson County Housing Market Report released today by the Williamson County Association of REALTORS. According to the Williamson County Housing Market Report, the median home price for all residential properties was 278,177, an increase of 3.0% when compared to July The median price in Williamson County is 12% (or 35,500) less than the Austin MSA Median Price of 313,708. Victoria Reviel, President Cyndi Bell, President-Elect Kriston Wood, Treasurer C.J. Pfau, Secretary Suzanne Gantner, Past President Marge Phillips, AE King Bravo, Director Anne Cano, Director Debbie Kovar, Director Joseph Aubin, Director Kim Dale, Director Al Frazier, Director Julie Floyd, Director Michelle Sherwood, Director The lazy days of the 2018 summer are almost gone, said WCREALTORS President, Victoria Reviel. Vacations are ending and school starts again in a few days; the folks who were looking for a new home have decided to stay put, and not move their children at the start of the school year. Based on the numbers in the Housing Report, 21.9% of Williamson County sales reported in the MLS were new construction, a number that has been stagnant. This number, however, is higher than the Austin-Round Rock MSA (17.1%) and the state of Texas (12.8%). 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 the month of July, Williamson County had a total of 2.8 months of inventory and an 1.9% decrease in listings compared to last July. 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. Interest rates maybe on the rise so now is the perfect time to buy a home, Reviel added. Yet, finding a home in the area you want may be difficult so contact a REALTOR today, so they can start searching for you.

2 During July, existing homes spent an average of 46 days on the market, as compared to a new construction home which averaged 96 days on the market. Quick Stats for All Residential Properties 1,109 Homes sold, 4.1 percent increase 278,177 Median price for homes, 3.0 percent increase 305,515 Average price for homes, 2.1 percent increase 2.8 Monthly housing inventory in 2,617 - Active home listings on the market in Quick Stats for Existing Home Properties 866 Homes sold, 3.7 percent increase 267,500 Median price for homes, 4.5 percent increase 297,500 Average price for homes, 6.2 percent increase 2.4 Monthly housing inventory in 1,658 Active home listings on the market in Quick Stats for New Construction Properties 243 Homes sold, 5.7 percent increase 305,000 Median price for homes, 0.1 percent increase 334,667 Average price for homes, 1.5 percent increase 3.8 Monthly housing inventory in. 959 Active home listings on the market in. 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. ###

3 Williamson County 4.1% 3.0% 2,617 1,109 2,497 1, % 216, , , %.4% 305, , ,383 Median Median Sales Sales Price Price Sold Price to List Average Price Sales Median PriceSales Price -1.1% 4.2% 3.0% YOY YOY 2.1% YOY -1.1% 4.6% YOY %.2%.3% Sold Price to to List List Price 0.2% 8.4% 50.1% 26.1% 9.3% 5.3% 0.6%

4 Cedar Park 5.1% 7.6% % 295, , % 330, ,000 Median Median Sales Sales Price Price Sold Price to List Average Price Sales Median PriceSales Price 3.7% 7.6% YOY YOY 7.6% YOY 8.1% YOY 3.0% 32.7% 10.9% 8.9% %.4% Sold Price to to List Price 44.6%

5 Georgetown 28.4% 6.4% % 258, , % 290, ,000 Median Median Sales Sales Price Price Sold Price to List Average Price Sales Median PriceSales Price 0.1% -2.7% YOY YOY -4.5% YOY 0.9% YOY % Sold Price to to List Price 0.8% 8.3% 65.2% 13.6% 9.1% 2.3% 0.8%

6 Hutto 13.2% 5.8% % 216, , % 225, ,000 Median Median Sales Sales Price Price Sold Price to List Average Price Sales Median PriceSales Price -1.1% 5.8% YOY YOY 6.9% YOY -1.1% YOY %.2% Sold Price to to List Price 12.7% 87.3%

7 Leander 16.0% 9.1% % 280, , , , %.4%.1% 326, , , Median Median Sales Sales Price Price Sold Price to List Average Price Sales Median PriceSales Price -1.1% 4.2% 1.8% 6.5% YOY YOY 8.9% YOY -1.1% 22.2% 4.6% YOY %.2%.3%.8% Sold Price to to List List Price 7.4% 45.1% 24.6% 12.3% 9.8% 0.8%

8 Round Rock 9.3% 7.0% % 253, , , %.2%.4% 292, , , ,383 Median Median Sales Sales Price Price Sold Price to List Average Price Sales Median PriceSales Price -1.1% 6.3% 4.2% 7.0% YOY YOY 2.7% YOY -1.1% 7.0% 4.6% YOY %.9%.2%.3% Sold Price to to List List Price 9.1% 53.5% 26.8% 7.6% 3.0%

9 Taylor 16.7% 24.4% % 216, , , , %.5%.4% 219, , , ,383 Median Median Sales Sales Price Price Sold Price to List Average Price Sales Median PriceSales Price 28.0% -1.1% 4.2% 24.4% YOY YOY 16.6% YOY -1.1% 11.2% 4.6% YOY %.2%.5%.3% Sold Price to to List List Price 45.8% 37.5% 16.7%

10 Austin-Round Rock MSA 6.5% 6.3% 8,437 3,476 7,522 3, % 313,708 Median Sales Price 6.3% YOY 0.5% 9.9% 394,827 AverSales Price 5.2% YOY 97.2% Sold Price to List Price 36.3% 22.5% 21.1% 12.2% 3.4% 3.0%