Georgetown, TX housing market

Georgetown is a buyer's market this June, and the pricing pressure is easy to see. About 29 percent of listings have already taken a price cut. That is a lot of sellers who started too high and had to come back down. It fits with what the rest of the numbers say. There are roughly one thousand homes for sale, and the typical home now sits on the market for about sixty-three days before it moves. Meanwhile the typical home value is around four hundred forty-three thousand dollars, down about 4 percent over the past year. With around 300 new listings adding to that supply, buyers have plenty to choose from and no reason to rush. If you are a seller here, the lesson is direct. Price at or slightly below the market from day one. The median list price is close to four hundred forty-three thousand dollars, right in line with actual values, so overpricing just means a long wait and a cut later. Meet the market early and you will avoid sitting.