What does Austin real estate news market data look like currently? According to the Austin Board of REALTORS® (ABoR), April Central Texas Housing Report residential sales declined 6.2% year over year to 3,280 homes across the Austin-Round Rock MSA last month. Combined with a new record median price, which rose 19.6% year over year to an all-time high of $550,000, the Central Texas housing market continues to outpace itself.
Austin Real Estate Housing Market Statistics for Austin – Round Rock MSA
Across the MSA in April, sales dollar volume increased 11.6% year over year to $2,231,215,686 while new listings dropped 0.2% to 4,653. At the same time, active listings jumped 52.5% year over year to 2,763, while pending sales dipped 5.6% to 3,630 across the MSA. Overall, listings spent an average of 18 days on the market, which was the same in April 2021.
Cord Shiflet, 2022 ABoR president, shared his insights on the current market.
“One of the biggest mistakes REALTORS® see prospective homebuyers make is not having a game plan before beginning the search process. Are you pre-approved with a lender? Do you have a clear understanding of the home features you need, and where you’re willing to make trade-offs? A REALTOR® has the connections, contract knowledge, and market intelligence to best position you for success.”
Austin Real Estate and all of Central Texas mark the biggest gain in housing inventory year over year since the summer of 2017. Housing inventory increased 0.3 months to 0.8 months.
Austin Round Rock MSA April 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 —$640,000, up 16.3% from a year earlier.
🔑Travis County — $625,000, up 16.8% from a year earlier.
🔑Williamson County — $510,000, up 18.8% from a year earlier.
🔑Hays County —$477,000, up 29.8% from a year earlier.
🔑Bastrop County — $402,000, up 38.1% from a year earlier.
🔑Caldwell County — $365,000 up 47.1% 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 April’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 Condo Market Snapshot
I ran this report focusing on the zip codes that had the most sold inventory. This report was run on 5/16/22 and was compiled from a total of 89 listings. This report includes all types of residential condos whether they are free-standing (detached), tower, townhome-style, or duplex. All condo regimes were included in this report. All things being equal, a condo dollar tends to go a little further than a fee-simple home. In some locations, they can prove to be a cost-effective alternative.
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