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Georgetown Real Estate Market Update: October 2024

What Buyers and Sellers Need to Know

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Michael Case

If you’ve been following the Georgetown real estate market, you’ve likely noticed a shift. The trends are telling us that the market has slowed down compared to last year, but that doesn’t mean opportunity has disappeared. In fact, it’s just changed. Let’s take a closer look at what this means for buyers and sellers in Georgetown.

The number of homes being sold in Georgetown has dipped, and homes are staying on the market a little longer. If you’re a seller, you might feel that pinch—it’s taking more time to find the right buyer, and homes aren’t flying off the market like they did during the height of the real estate frenzy. But this isn’t bad news; it simply means the market is stabilizing.

New Home

KB Homes

With homes sitting on the market for longer, buyers now have more breathing room to make decisions. Gone are the days of rushing into a deal out of fear of missing out. This slower pace is giving buyers a chance to really weigh their options, negotiate better deals, and find the home that fits them perfectly.

For buyers, there’s some good news. Prices in Georgetown have softened a bit, making this an opportune moment to get more for your money. That said, sellers should remember that Georgetown is still a desirable place to live. The slight dip in prices doesn’t mean homes aren’t selling—it just means buyers are being more selective.

Sellers who adjust their expectations and price their homes competitively can still attract serious buyers. Georgetown remains a magnet for those looking to settle down in Central Texas, so it’s all about positioning your home the right way in this new market.

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Keller Williams

There’s also been a slight uptick in new homes hitting the market, which means more choices for buyers. If you’re in the market for a home, you can explore different neighborhoods, compare properties, and make a more informed decision without the pressure to move too quickly.

For sellers, this increase in listings means there’s more competition. Pricing your home competitively and ensuring it stands out—whether through small upgrades or smart staging—can make a big difference.

Is It a Good Time to Buy or Sell? In short, yes—whether you’re buying or selling, there are opportunities in the Georgetown market. For buyers, this is a great time to take advantage of lower prices and the extra time to find your perfect home. Sellers should focus on pricing their homes smartly and understanding that even though the market has slowed, Georgetown is still a highly sought-after area.

At the end of the day, the Georgetown market is still healthy, just a little more balanced. With a thoughtful approach, both buyers and sellers can come out ahead in this new phase of the market.

Whether you’re buying or selling, the Ken Mabe Team is here to guide you through today’s market. Let’s achieve your real estate goals together.

Click HERE for a personalized consultation and expert recommendations tailored to your unique needs

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