July 2024 Area Stats

For Travis, Hays, and Williamson Counties, there is a balanced market where there is a relatively equal number of buyers and sellers. However, looking at the 12-Month Change,  Months of Inventory has increased by 14.55%, signaling a shift towards a buyer’s market. This increase suggests that there are more homes available for sale compared to the previous year, giving buyers more options to choose from.

The Median Days On Market is 38, which is relatively low and suggests that homes are selling quickly. List to Sold ratio is hovering around 97%, but this ratio doesn’t reflect what the Original list price was. It is only comparing what the last list price was when the home went under contract. This ratio indicates that sellers who price their homes more competitively will find buyers are willing to pay close to asking price. Median Sold prices (Travis County: $535,000, Williamson County: $430,000, Hays County: $405,000)

Overall, these metrics suggest a dynamic real estate market where homes are selling quickly if pricing is competitive. Buyers may have more options to choose from due to the higher inventory levels. Since real estate is hyper-local and dependent on specific demand for your neighborhood/immediate area, it is important for both buyers and sellers to stay informed about market conditions and work with a knowledgeable real estate professional to navigate the market effectively.