In May, Williamson County had 2.5 months of inventory; an increase of 0.6 months from last May. The market still leans toward favoring the sellers, according to a county housing market report released June 12 by the Williamson County Association of Realtors.
According to the report, the median price for Williamson County homes also increased 7.1 percent year-over-year to $280,000 during the same period. Home sales in Williamson County increased year-over-year 10.5 percent in May 2017 with 1,173 sales.
"It is an exciting time for our market, many will see changes in new home availability and increased inventory,” WCRealtors President Suzanne Gantner said. “There will be price adjustments that concur with these changes in the market, and for a while, first-time home buyers will have some difficulty finding affordable housing. The good news is that things change, the market will adjust to less of a feeding frenzy."
During May, homes spent an average of 43 days on the market, and took an average of 35 days to close. There were 2,268 active home listings on the market during the month.
Victoria Reviel, WCRealtors incoming president and real estate broker, said she is excited to see people moving to Williamson County from across the country.
"We are seeing more and more clients securing their financial future by investing in real estate," she said.