Report shows county has smallest housing supply in 5 years

Empty shelves at the supermarket are not the only shortage in the pandemic. Homes are in short supply, too, according to the Real Estate Center at Texas A&M University.

Hays County’s home supply is at a 5-year low, with an inventory lasting 2 months in June, compared to 3.2 months in June of 2019 and 3.3 months in June of 2018 and 2017.

“Unless a buyer is looking for a luxury home, there are fewer to choose from,” said Dr. Jim Gaines, chief economist for the Real Estate Center at Texas A&M University. “Texas’ months of inventory fell to a historic 3.2 months in May as the state’s supply of active listings plummeted to its lowest level in three- and-a-half years.” Researchers consider a six-month inventory a balanced market.