Austin real estate news from Doreen for July is here. If there is ever a month when we are living in a Barbie world, it’s June. Between the graduation parties, backyard barbeques, proms, vacations, planning for vacations, and summer camps starting – there’s an event around every corner. Homes for sale in Austin and beyond often take a dip for a few weeks this time of year with all of the social events.
June’s residential home sales declined 8.5% year over year to 3,147 closed sales while the median price also dropped 9.6% to $483,000 for the month of June, according to the Austin Board of REALTORS® latest Central Texas Housing Report. The Austin Round Rock MSA housing inventory reached 3.7 months. Despite increased inventory across the region, long-term solutions to address affordability and housing availability are still needed.
