Contracts Low Point in Georgetown Real Estate Market

Over the last 30 days, 110 homes went under contract in the Georgetown market, the lowest amount since January. As the market appears to be approaching a bottom, there were 109 homes sold over the same period. In comparison, Austin led all other nearby municipalities with 1,115 contracts executed. However, a six-week downward trend in new listings is expected to come to an end over the coming weeks. Prices are rising in Georgetown, and the median sales price this period increased from $250,000 to $253,000. There are only two months of inventory available in Georgetown, so it's still solid seller's market, even with the shrinking contracts numbers.

Trying to find a home in Georgetown that offers more bedrooms? Then check out these listings that provide the most bedrooms in the area:

$675K   $310K   $1.3M  

Get started right now by checking out Georgetown homes for sale or reviewing Georgetown real estate trends.

Demographic facts for Georgetown:

  • 14 years old is the median age of all the homes in the area.
  • The average snowfall is 1.0 inches per year. (U.S. average: 25)
  • This area has an anticipated job growth rating of 89. (Scale: 1 = Worst, 100 = Best)
  • Schools spend an average of $4,627 for each student in this area. ($5,691 = national average)

Data reported through 10/12/2016

Comments:

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J.B. Goodwin, REALTORS
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