Williamson County also saw a 1.3% decrease in home sales to 1,105 homes sold in November. Despite this decrease, the market in the metro area as a whole still surpasses the number of closed listings from this time last year by 3.1%, according to the release. Despite a recently dry housing market, new home listings increased by 12% to 1,011 homes listed.
Despite recent negative trends within the last year, the housing market is climbing out of a market unable to keep up with supply and demand, ABoR President Susan Horton said in the release.
“We have all seen the headlines about our housing market, and the Austin Board of Realtors knows that it is competitive; however, when you dig a little deeper, you can see that there is plenty of opportunity and our market is still readily accessible for homebuyers across all price levels,” Horton said. “This doesn’t mean there isn’t work to be done to ensure everyone has equal opportunity to find a home here, but it does demonstrate that by working with a licensed realtor, homebuyers and renters can find something that works for their budget and housing needs.”
Williamson County saw its active listings rise 24.7% to 753 homes on the market, according to the release. Pending sales also increased 13% to 1,151 pending sales, according to the release. The housing inventory increased 0.2 months to 0.7 months of inventory.