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First-time homebuyers are propelling Georgetown’s real estate market, especially at the midrange price level, while repeat buyers face high interest rates, local Realtor Tanya Kerr said.
The big picture: More than a quarter of April sales across Georgetown’s three area ZIP codes were in the $300,000-$399,999 price range—a market typically saturated with first-time homebuyers.
Data from ICE Mortgage Technology shows roughly 51.5% of U.S. mortgage holders have a rate below 4%, while the current 30-year fixed average rate is 6.37%, according to Federal Reserve data. For a move-up buyer trading in their starter home, that means surrendering a low rate and taking on higher property taxes and insurance.
Quote of note: “The pain for that buyer to leave their current home must be strong enough that they’re willing to give that up,” said Kerr, with T. Kerr Property Group under Keller Williams Realty.
The outlook: Real estate data through spring 2026 reflects a market in correction, not collapse, Kerr said.
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