This resulted in $41.9 million in sales for March, data shows.
Although the pandemic has shifted the way real estate business is conducted, closings and home sales have not been negatively impacted thus far, said Lea Holubec, senior vice president of education and training for Heritage Title of Austin.
“The approach to closing a home looks very different right now, but activity has not dipped,” Holubec said. “Homebuyers should be prepared for the closing process to take longer than usual due to COVID-19 safety precautions and be ready for additional employment verifications at closing, or even after closing, which many lenders are now requiring.”
And while homes in Georgetown continue to sell, the city saw fewer homes put down year over year, decreasing 6.7%, data shows. While 28 single family homes were built, there were no townhouses or condominiums built in March 2020, data shows.
The average home price also increased 5.8% year over year at $310,535. The median home price increased 10.5% to $295,000, data shows.
Homes spend 68 days on market and Georgetown has a housing monthly inventory of 2.2, data shows.
The Austin-metro five-county statistical area saw a 2.2% year over year increase in residential sales of single-family homes, condos and townhomes, data shows. The median price jumped 11.7% year over year to $335,200, it said.
For Williamson County, the number of residential sales of single-family homes, condos and townhomes increased 0.4% year over year, data shows. The median price for residential homes increased by 6.8% to $293,805, it said.
Read more on the MSA and county breakdowns here. Click the arrow for more charts.
