Round Rock real estate trends positive In latest market report
Friday, May 30, 2014
The Round Rock real estate market is in very healthy shape and it’s a great time to buy a new home, judging from the newest market update provided by Realtor Cindy Crawford with the Round Rock office of Keller Williams.
Here are some highlights of Crawford’s report for the first three months of 2014, compared to the same period in 2013:
New listings decreased 4.7% in Round Rock West and increased 3.1% in Round Rock East. These single-digit changes reflect continued constrained inventory in the existing home market, and bodes well for move-up buyers with an existing home to sell before closing on a new home.
Closed sales decreased 17.5% in Round Rock West, and increased 5.5% in Round Rock East, again reflecting a tight supply of existing homes for sale.
Average sales prices are increasing. The average price increased 7.3% in Round Rock West, to 282,830. In Round Rock East, the average is up 4.2%, to $211,657.
In both markets, the % of original list priced received is up, and the number of days on market until sale is down. This latter metric is down 44.3% in Round Rock West and down 17.7% in Round Rock East.
At the same time it’s a strong market for selling an existing home, it’s also a great time to find a new home at Teravista. Our Homefinder tool on Teravista.com lists more than 50 new homes ready for quick move-in, at prices from the $220,000s to over $700,000s. Visit the Teravista Model Home Village to see our leading builders and their innovative new designs!
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