It's inevitable, as soon as we take a little break from business we get real busy! It's been like that for many decades in real estate for us. Technology and showing agents back home do allow us to enjoy a normal life though. We just enjoyed 6 days in Colorado and New Mexico with my mom, brother and sister in law Carolyn. And best of all, we trailered my bike. C.J. got to do a ten hour day ride with me from Pagosa to Creede to Lake City to Ouray to Durango and back to Pagosa. She actually enjoyed the Million Dollar Highway, which some say is scary. It's fun to recharge, and then get back to an exciting time in the market. Check out our Facebook profiles to learn more about our trip's itinerary.

Surge in housing inventory defines first half of 2024 in Central Texas Housing Market

According to the June and Mid-Year 2024 Central Texas Housing Report released by Unlock MLS, active home listings in June increased 25.9% to 13,227 listings. This increase, coupled with the rise in mortgage rates in late April and early May to 7.2%, induced a decline of 6.3% to the median sales price of $450,000 in June, providing buyers with the highest level of inventory, 5.0 months of inventory, in the MSA since 2011.

For the remainder of the year, both buyers and sellers need to adjust the way they navigate the market. Homes are selling at 96.4% of original list price, but the homes that are selling are moving because they are showing well and priced appropriately. Price and presentation are the top two critical components to a successful sale, whereas time on the market can be a big detractor. For buyers, now may be the time to capitalize on this high-inventory environment.

We are starting to get busy with buyers and sellers jumping into the game after several years of watching this market unfold. We sense a positive turn from the down market ahead. Plus, the Fed is really starting to see positive reasons to lower the bank rate soon. And, like we've been saying for too long now, healthy inflation and lower bank rates will create lower mortgage rates.

In all of our decades in real estate sales, we have never seen such complex buy / sell / or wait scenarios, but can assure you of a thorough analysis and honest answer when you contact us.

Enjoy the following general market statistics for your area, but do keep in mind every home has a unique market value dependent on specific property and location attributes.

City of Austin: June 2024

• 868 – Residential homes sold, 21.0% less than June 2023.
• $600,000 – Median price for residential homes, 1.6% less than June 2023.
• 1,661 – New home listings on the market, 10.0% less than June 2023.
• 5,632 – Active home listings on the market, 43.4% more than June 2023.
• 910 – Pending sales, 12.2% less than June 2023.
• 5.8 – Months of inventory, 1.9 months more than June 2023.
• $665,437,038 – Total dollar volume of homes sold, 23.6% less than June 2023.
• 95.2% – Average close to list price, compared to 95.48% in June 2023.

City of Austin: Year to Date

• 5,172 – Residential homes sold, 2.9% less than the first half of 2023.
• $574,995– Median price for residential homes, flat compared to the first half of 2023.
• 9,987 – New home listings on the market, 11.5% more than the first half of 2023.
• 23,289 – Active home listings on the market, 24.9% more than the first half of 2023.
• 5,636 – Pending sales, 1.7% less than the first half of 2023.
• $3,895,461,068 – Total dollar volume of homes sold, 3.3% less than the first half of 2023.

Travis County: June 2024

• 1,210 – Residential homes sold, 18.6% less than June 2023.
• $525,000 – Median price for residential homes, 3.7% less than June 2023.
• 2,122 – New home listings on the market, 9.9% less than June 2023.
• 6,819 – Active home listings on the market, 29.9% more than June 2023.
• 1,224 – Pending sales, 9.4% less than June 2023.
• 5.8 – Months of inventory, 1.8 months more than June 2023.
• $842,700,113 – Total dollar volume of homes sold, 21.9% less than June 2023.
• 97.2% – Average close to list price, compared to 94.9% in June 2023.

Travis County: Year to Date

• 6,830 – Residential homes sold, 4.8% less than the first half of 2023.
• $520,000 – Median price for residential homes, 0.1% more than the first half of 2023.
• 12,981 – New home listings on the market, 11.2% more than the first half of 2023.
• 31,533 – Active home listings on the market, 21.4% more than the first half of 2023.
• 7,453 – Pending sales, 2.6% less than the first half of 2023.
• $4,779,938,098 – Total dollar volume of homes sold, 4.0% less than the first half of 2023.

Williamson County: June 2024

• 945 – Residential homes sold, 15.1% less than June 2023.
• $434,000 – Median price for residential homes, 3.6% less than June 2023.
• 1,357 – New home listings on the market, 2.0% less than June 2023.
• 3,727 – Active home listings on the market, 23.0% more than June 2023.
• 976 – Pending sales, 1.3% less than June 2023.
• 4.1 – Months of inventory, 1.1 months more than June 2023.
• $472,989,836 – Total dollar volume of homes sold, 17.8% less than June 2023.
• 95.7% – Average close to list price, compared to 94.51% in June 2023.

Williamson County: Year to Date

• 5,254 – Residential homes sold, 3.9% less than the first half of 2023.
• $430,000 – Median price for residential homes, 1.6% less than the first half of 2023.
• 8,051 – New home listings on the market, 14.8% more than the first half of 2023.
• 17,613 – Active home listings on the market, 5.7% more than the first half of 2023.
• 5,746 – Pending sales, 0.2% more than the first half of 2023.
• $2,555,608,499 – Total dollar volume of homes sold, 5.7% less than the first half of 2023.

Hays County: June 2024

• 413 – Residential homes sold, 1.7% more than June 2023.
• $391,775 – Median price for residential homes, 7.8% less than June 2023.
• 623 – New home listings on the market, 5.4% more than June 2023.
• 1,908 – Active home listings on the market, 20.4% more than June 2023.
• 416 – Pending sales, 6.9% more than June 2023.
• 4.9 – Months of inventory, 0.7 months more than June 2023.
• $205,309,071 – Total dollar volume of homes sold, 3.7% less than June 2023.
• 95.8% – Average close to list price, compared to 94.0% in June 2023.

Hays County: Year to Date

• 2,202 – Residential homes sold, 5.7% more than the first half of 2023.
• $385,000 – Median price for residential homes, 3.8% less than the first half of 2023.
• 3,783 – New home listings on the market, 28.1% more than the first half of 2023.
• 9,703 – Active home listings on the market, 16.2% more than the first half of 2023.
• 2,471 – Pending sales, 12.1% more than the first half of 2023.
• $1,092,777,071 – Total dollar volume of homes sold, 5.8% more than the first half of 2023.

Bastrop County: June 2024

• 111 – Residential homes sold, 1.5% more than June 2023.
• $339,450 – Median price for residential homes, 10.7% less than June 2023.
• 198 – New home listings on the market, 26.9% more than June 2023.
• 633 – Active home listings on the market, 23.9% more than June 2023.
• 140 – Pending sales, 29.6% more than June 2023.
• 5.7 – Months of inventory, 1.1 more than June 2023.
• $42,857,579 – Total dollar volume of homes sold, 10.7% less than June 2023.
• 94.7% – Average close to list price, compared to 93.6% in June 2023.

Bastrop County: Year to Date

• 661 – Residential homes sold, 12.0% more than the first half of 2023.
• $360,000 – Median price for residential homes, 5.2% less than the first half of 2023.
• 1,206 – New home listings on the market, 29.8% more than the first half of 2023.
• 3,295 – Active home listings on the market, 12.4% more than the first half of 2023.
• 717 – Pending sales, 12.2% more than the first half of 2023.
• $268,529,211 – Total dollar volume of homes sold, 8.6% more than the first half of 2023.

Caldwell County: June 2024

• 57 – Residential homes sold, 45.0% more than June 2023.
• $300,000 – Median price for residential homes, 7.1% more than June 2023.
• 61 – New home listings on the market, 8.9% more than June 2023.
• 138 – Active home listings on the market, 8.1% more than June 2023.
• 44 – Pending sales, 25.7% more than June 2023.
• 3.0 – Months of inventory, 0.3 months less than June 2023.
• $18,869,166 – Total dollar volume of homes sold, 42.2% more than June 2023.
• 95.9% – Average close to list price, compared to 97.9% in June 2023.

Caldwell County: Year to Date

• 242 – Residential homes sold, 60.3% more than the first half of 2023.
• $299,945 – Median price for residential homes, flat compared to the first half of 2023.
• 377 – New home listings on the market, 23.6% more than the first half of 2023.
• 861 – Active home listings on the market, 36.2% more than the first half of 2023.
• 289 – Pending sales, 54.5% more than the first half of 2023.
• $83,282,558 – Total dollar volume of homes sold, 58.4% more than the first half of 2023.

Burnet County:

• Closed Sales - 79, up 23.4% from June 2023
• Median Sales Price - $368,832 - up 3.6% YOY
• Ratio to Original List Price - 92.5% up .4% YOY
• Days on Market - 71 - down 23.7% YOY
• New Listings - 160 - plus 52.4% from June 2023
• Under Contract - 87 - up 13% YOY
• Active Listings - 711 - way up by 70.1% YOY
• Months of Inventory - 11- up 75.1% YOY

Burnet County: Year to Date

• 389 - Residential homes sold, 2.6% more than first half of 2023
• $375,000 - Median price for residential homes sold compared to the first half of 2023, down 6.3%
• 569 - Active home listings on the market, up 48.6% year to date from 2023
• Homes Under Contract - down 12.4% to 91 YTD from 2023
• 11 Months of Inventory, up 75.1% YTD as compared to 2023



We recently received another referral from a wonderful past client. We found a home for Taylor and Will, along with their baby and another on the way. They moved back to Georgetown from Arizona. We have been in the real estate business for over 35 years each and still honored every time we receive a personal referral, or a testimonial like this one. We are excited to gain new friends too.

Taylor and Will Wenholz

Google Reviews

Jon and C.J. are simply the best!

We had a short and sweet home search, but from the day we started working with them they were very communicative, knowledgeable and forthcoming about the home buying process

and what we should expect from the market in the coming months.

When we found the home we wanted, they made sure all the 'extras' and incentives were included in our initial contract, plus C.J. negotiated with the builders to ensure a few items from our inspection were corrected before closing.

We will definitely use them in the future and we would recommend anyone in the market for a house (or selling their current home) to use them as well.



Our Listings!

Nicely Remodeled Home in Villages of Berry Creek

Hurry this one won't last long! The layout is spacious and the home is stunning inside and out. The covered back porch provides the perfect outdoor living space to include a hot tub that conveys. Extra backyard privacy is created by the retention pond behind the property, and the breeze and trees keep it cool. The level of landscaping is extraordinary and helps deliver that extra sizzle that really makes this home stand out. Some features include 3 sides rock exterior, privacy fence, recent shingles and foundation repair with lifetime warranty, new HVAC in January 2022 with REMI Halo air filter, convenient office area in master bedroom, stained concrete driveway, fresh interior paint, irrigation system, wood burning fireplace, and epoxy sealed garage floor. The community pool is literally a few houses down the street and the neighborhood is quiet, but close to all things great in Georgetown.

View the tour at www.7614BuckMeadow.Info. Listed at $375,000

Beautiful Home in Gabriel's Overlook with Backyard Oasis!

Welcome to a stunning home with a complete private backyard outdoor resort experience on a large corner lot in Gabriel's Overlook.

Exterior design elements utilizing stucco and stone accentuate the theme of the improvements. Enter the living area to view a dramatic stone fireplace, stained concrete flooring, and view of the back yard retreat. The highly functional gourmet kitchen acts as a central hub connection of the living spaces. Enjoy a formal dining room, the more casual breakfast nook or the bar seats at the center island for a variety of indoor dining experiences. The large owner's suite features an exquisite bath area with Bella tub and a walk through shower, and the secondary bedrooms are spacious.

Interior features also include customized California Closets in the kitchen pantry and owner's suite. Pet shower stall in laundry room, granite countertops, intricate tile and stone work. The 3 car side entry garage is perfect for your vehicles and a project.

The complete private backyard outdoor resort experience features a large heated in ground pool with hot tub, sun deck with fantastic waterfall and fire features. Several seating areas include the spacious covered pavilion with fireplace and grill, separate covered porch, open patio and quarter moon stone bench with dining area. Exterior features include complete privacy fencing, irrigation system, an underground propane tank and a storage building in the far back yard. Gabriel's Overlook is a gated community developed on classic rolling Texas Hill Country bordering the South San Gabriel River to include a HOA park with river access. The location between Leander, Liberty Hill and Georgetown provides easy access to main commuting, shopping, dining and entertainment.

View the tour at www.100OakPlaza.Info Listed at $787,000 Pending Sale.

The Perfect Place to Build Your Lake House On Lake LBJ.

Property Information at: www.Lot3-940EuelMoore.Info

Recently Listed for Sale - Lot 3-940 Euel Moore, Kingsland, Texas 78639 -- This is a rare waterfront lot in Kingsland on gorgeous LBJ, a constant level lake. Kingsland has an HEB, many restaurants and is where the Llano and Colorado Rivers converge, providing spectacular natural scenery as well as big water all the way down to Horseshoe Bay and Wirtz Dam. Head up the Llano towards The Slab for sandy beaches and granite rock outcroppings, explore the Colorado and its' summer camp vibe or find a cove or join the party at a sand island. Dock for food and beverages at Wakepoint LBJ or Boat Town Burger Bar from your future lake house. Big features include 4 completed boat slips with 4 locking storage units and power, creating the perfect place, architectural designs and building plans for a 2400 sq. ft. home. HOA fees are for driveway and channel maintenance. The canal was recently dredged and the lot is approximately 100 yards to open water. Not Builder Restricted. - Listed at $399,000.

Please remember if you have any questions about purchasing or selling real estate either now or in the future, call us to discuss your plans and we can help you with your plan.

Jon & C. J. Pfau

If anyone you know might need help with buying or selling or just want to get monthly information for real estate, our link to our newsletter is below. Send it to friends and family. We won't bother anyone but we will give them monthly updates on the market for their own knowledge.

Pfau & Company News Letter Sign Up Here.

Our Business is delivering Exceptional Realty Service -

far exceeding expectations,

grateful to give our best.

Jon: 512-635-0232

C.J.: 512-415-0583

Email: Pfaucorealtors@aol.com