What does Austin real estate news market data look like now? According to the Austin Board of REALTORS® (ABoR), February Central Texas Housing Report closed listings increased 11.3% year over year to 2,581 sales across the Austin-Round Rock MSA last month. Combined with a new record median price, which rose 27.9% year over year to an all-time high of $499,995, 2022 is shaping up to be a big year for the MSA’s housing market.
Austin Real Estate Housing Market Statistics for Austin – Round Rock MSA
Across the MSA in February, sales dollar volume increased 34% year over year to $1,564,737,417 while new listings increased 10.4% to 2,834. At the same time, active listings decreased 4.1% year over year to 1,240 listings, while pending sales increased 20.3% to 2,967 across the MSA. This jump in pending sales indicates that March home sales growth could be equally strong as February.
“February was a very active month for our housing market as sales price records continue to be broken,” Cord Shiflet, 2022 ABoR president, said. “We’re hearing from economists that last month’s numbers are a potential harbinger of a big year ahead even as our market continues to deal with insufficient supply compared to demand resulting in the steady cycle of home price increases.”
Austin Real Estate and all of Central Texas remains in a Seller’s Market
Austin Round Rock MSA February median sold prices and year-over-year price increases as originally reported in the latest Austin Board of Realtors Central Texas Housing Report.
🔑City of Austin — $565,000, up 15% from a year earlier.
🔑Travis County — $541,500, up 15.1% from a year earlier.
🔑Williamson County — $479,000, up 32.7% from a year earlier.
🔑Hays County — $427,350, up 42.5% from a year earlier.
🔑Bastrop County — $443,835, up 61.4% from a year earlier.
🔑Caldwell County — $314,695 up 57.4% from a year earlier.
Median Single-Family House Sold Prices for Austin, West Lake Hills, Round Rock, Leander, Elgin, Cedar Park, Buda, Kyle, and Dripping Springs
These are February’s median sold prices for single-family fee-simple houses in Austin and the surrounding cities. I ran these numbers using MLS data from the Austin Board of Realtors. Data is for single-family houses (no condos).
Data compiled by ACTRIS© Matrix data through ABoR. Information deemed reliable but not guaranteed and should be verified. Content is “AS IS,” without any warranty, express or implied. Results were calculated from the number of listings in the MLS at the date of the report. Off-market data not included.
City of Austin Month by Month Snapshot of Sold Single-Family Houses
Remember last year? if you lived in Central Texas, you certainly do. We spent a week literally freezing and another week cleaning up the mess. From a data analysis perspective, I think it’s important to look at Austin, not just year-over-year, especially for February, since we lost two seeks last year. My findings were eye-popping even for month-by-month closings.
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