Williamson County TX: The “Real” real estate numbers by week from April to November 2022. ALEX Labs. ALEX Studios. ALEX Georgetown

ALEX Labs just completed analysis of Williamson County real estate key statistics and their initial Williamson County Market Statistics report. The data confirms our assumption that the first 0.75% Fed Rate Hike on June 15 2022 marks a pivotal time for the market.

ALEX Labs analyzed sales reported to the Austin Board of Realtors (ABOR) on a weekly basis. ALEX Labs focused on the median statistic for three key market indicators:
Sale $ per SF
Sale $ / List $
Days on Market

SIX KEY TAKE AWAYS

#1 Sale $ per SF has been decreasing an average of 0.82% per week

#2 A home with a $500,000 value is decreasing by an average of $4,086 per week

#3 Sale $ / List $ did not drop below 100% from the week ending November 6, 2021 to the week ending July, 30, 2022

#4 Sale $ / List $ is dropping by an average of 0.5% per week from the week ending July 30, 2022 to the week ending November 5, 2022 (100% to 93% / 14 weeks)

#5 Five Days on Market was the Median for 9 of 15 weeks from the week ending February 9, 2022 to the week ending May 28, 2022

#6 Days on Market are increasing by an average of 1.43 days per week from the week ending May 28, 2022 to the week ending November 5, 2022 ([38 days – 5 days] / 23 weeks)

SALE $ PER SF

Since reaching a high of $269 per SF in the week ending June 11, 2022, the median sale $ per SF decreased by 21.17% to $222 in the week ending Oct 8, 2022. For the week ending November 5, 2022 the median sale $ per SF was $228.

Two Key Take Aways

#1 Sale $ per SF has been decreasing an average of 0.82% per week from the peak of $269 for the week ending June 11, 2022 to $228 for the week ending November 5, 2022

#2 A home with a $500,000 value is decreasing by an average of $4,086 per week (0.82% * $500,000)

SALE $ / LIST $

Sale $ / List $ is an excellent indicator of the strength of a market. From the first week of November 2021 through July 2022, the median Sale $ / List $ for each week did not dip below 100%.
For the week ending November 5, 2022 Sale $ / List $ was 93%.
Sale $ / List $ has been decreasing by an average of 0.5% per week since the week ending July 30, 2022.

Two Key Take Aways

#1 Sale $ / List $ did not drop below 100% from the week ending November 6, 2021 to the week ending July, 30, 2022

#2 Sale $ / List $ is dropping by an average of 0.5% per week from the week ending July 30, 2022 to the week ending November 5, 2022 (100% to 93% / 14 weeks)

DAYS ON MARKET

From early April through late May 2022, about 5 days on market was the norm. For the week ending November 5, 2022 the median days on market is 38.

Two Key Take Aways

#1 Five Days on Market was the Median for 9 of 15 weeks from the week ending February 9, 2022 to the week ending May 28, 2022

#2 Days on Market are increasing by an average of 1.43 days per week from the week ending May 28, 2022 to the week ending November 5, 2022 ([38 days – 5 days] / 23 weeks)

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FOR MORE INFORMATION
Diane Hart Alexander, MBA, MHA, Broker CEO
Alexander Tiffany Southwest dba ALEX.realestate
Chairman, ALEX Cares 
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e diane@alex.realestate