Between January 2019 and January 2020, the county saw an additional 654 home sales with a dollar amount increase of 15.3% to $202.3 million over the same period, the report said. The median price also increased 2% to $279,990, and the housing inventory declined 0.8 months year over year to 1.5 months of inventory, it said.
Williamson County saw a larger increase in home sales than the Austin-Round Rock metro area, which increased in residential home sales by 8.5% year over year, the report said. The median price also increased by 4.8% to $308,000. Monthly housing inventory declined 0.6 months year over year to 1.6 months of inventory, it said.
“While this January showed significant gains compared to January 2019, the beginning of the year is a traditionally slower time for new and active listings,” ABoR President Romeo Manzanilla said in a release. “We expect to see a significant increase in activity in the spring, when market activity should climb naturally.”
Neighboring Travis County saw a slight increase in residential home sales at 2.9% with 1,001 home sales, the report said. The dollar volume increased by 3.5% to $431.96 million, and the median price increased 7.8% to $351,000, it said. Monthly housing inventory decreased 0.6 months year over year to 1.4 months of inventory, the report said.