According to the Austin Board of Realtors, Williamson County home prices are rising steadily. As you can see in the infographic below, prices for February went up by 4% over last year’s prices to over $244,000. This has been the trend for the past three years, and the economic forecast shows it continuing.
With over 30 builders in the county as well as many well-established neighborhoods, there is sure to be a home that suits your style of living. 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 housing inventory for this county is at about 3 ½ month supply. With the median price of homes going up each month, now is a great time to purchase a home:
1 - You’ll be getting a home before prices go up even more, saving you money;
2 - You’ll be putting that “rent” money towards equity in your own home instead of the landlord’s pocket; and
3 - You have all the freedom homeownership affords: painting, remodeling, landscaping and reconstruction (make sure to check with your HOA for permits and approval), making the house…your home.
If you’d like to learn more, I’m just a text, call or email away!