More than 3,000 homes were sold within the year, dropping the monthly inventory by 0.9 months year over year to 2.5 months in December 2019, data shows. This is the lowest for any December on record, it said.
Georgetown was not the only entity to break records.
Central Texas also sold more homes in 2019 than any year on record, data shows.
The December and Year-End 2019 Central Texas Housing Market Report reflected a record-breaking 33,084 home sales and about $13 billion in sales volume.
"Austin's unprecedented population growth during the past decade has heavily impacted the real estate market. Compared to 2010, home sales in 2019 increased by 84%," ABoR Romeo Manzanilla said in a news release. "That type of exponential growth has put enormous pressure on the market. ... As we look forward to this year, the market is not showing signs of slowing down anytime soon.”
As for Williamson County, while the median home price increased in 2019 to $287,774, it remains significantly lower than the median in both Travis County and the city of Austin, data shows.
Single-family home sales in Williamson County increased by 10.5% to 11,797 sales in 2019 compared to 2018, it said.
In December, the median home price rose 4.3% year over year to $290,280. Sales increased 14.1% to 970 sales, and the housing inventory declined 0.5 months year over year to 1.8 months of inventory, data said.