Round Rock, TX housing market

Nearly a third of homes for sale in Round Rock have already cut their price, and that tells you most of what you need to know about this market. The typical home value here is about four hundred thousand dollars, down a little over 7 percent from a year ago. Sellers, though, are still aiming higher. The median list price is around four hundred thirty-two thousand dollars, well above where homes are actually valued, and that gap is why roughly 31 percent of listings have had to reduce. There are about 600 homes for sale right now, with around 250 new listings coming on in the last month, so buyers have real choice. And homes are sitting about 47 days before going under contract, which means buyers can take their time and negotiate. If you are selling, the lesson from this data is straightforward: price at the market from day one. The sellers testing high are the ones cutting later.