BY GRACIE WARHURST
Zooming out
Something to note
said the resale market is facing stiff competition with new home builders who can offer competi- tive incentives, such as lower interest rates. Overhauser said this means sellers of existing homes need to be more strategic with pricing and ensure their properties are in a condition to compete.
Data for Leander and Liberty Hill ZIP codes shows total listings remain elevated, with peaks over the last couple of years. There is approxi- mately six months of housing inventory available. “Definitely the market is picking up a little bit, but … we’re still in a buyer’s market,” Britt said. Despite being an inventory-heavy market, Britt
Not all commercial development along the Hwy. 29 and Ronald Reagan corridor directly benefits nearby cities’ tax bases. Some major projects, including Ace Square, fall within municipal utility districts, meaning Liberty Hill will not collect sales tax revenue from those sites. Furthermore, Liberty Hill is grappling with what City Manager Thomas Hunter referred to as “violent growth.” While the city limits currently house roughly 16,000 residents, the surrounding ETJ holds around 87,000 people, who are not served by city infrastructure. As housing, retail and infrastructure continue to expand, local officials say the current challenge is ensuring that rapid growth is matched by the revenue and planning needed to support it without shifting costs onto existing residents.
Total home listings over time
Key:
Leander
Liberty Hill
1K 800 600 400 200 0
518
483
421
455
372
306
149
307
277
306
244
225
202
85
Monthly breakdown
SOURCE: REALTOR.COM/COMMUNITY IMPACT
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