Williamson County Still High Growth Rate

The Texas State Data Center recently released population estimates for all cities and counties in Texas.
According to the report, the Austin-Round Rock Metropolitan Statistical Area, including Travis, Williamson, Hays, Bastrop and Caldwell counties, grew by 39,000 residents from Jan. 1, 2007 to Jan. 1, 2008 - a growth rate of 2.5 percent. This was slower than 2006's 4.4 percent growth, but the second-highest rate in 2007 among 25 MSAs in Texas.
The TSDC also estimated Williamson County ranked fifth among Texas counties with the highest percentage of population change in 2007. The county added 21,482 residents last year, adding to its status as the county with the second-highest growth rate in Texas since 2000. -Texas State Data Center

Area Market Statistics

Home Sales Stabilize in Austin Area

October 20, 2008 - Central Texas home sales remain steady, according to the latest Multiple Listing Service (MLS) report from the Austin Board of REALTORS®. The median price for single family homes in September remained unchanged from one year ago, while the number of homes sold inched closer to 2007 sales totals.

The 1,670 homes sold in September reflect an eight percent decline from one year ago. These sales contributed $406,955,620 to the local economy, down 11 percent from 2007. Meanwhile, the median price for single family homes showed no change from last September, remaining at $182,600.

Active listings for September rose two percent from one year ago to 10,217, while pending sales dropped ten percent to 1,520 and new listings fell 11 percent to 2,617. The average amount of time these properties sat on the market rose 18 percent from 2007 to 71 days.

“National economic troubles and limited access to credit continue to impact the local housing industry,” says ABoR Chairman Socar Chatmon-Thomas. “However, Austin’s economy has avoided many of the ups and downs experienced by other parts of the U.S., and our city is poised to remain on the forefront of the country’s economic turnaround.”

September 2008 – Single Family Homes

• 1,670 was the number of homes sold, down 8 percent from one year ago
• $182,600 was the median price, unchanged from September 2007
• $406,955,620 was the total dollar volume of properties sold, down 11 percent from last year