AUSTIN, Texas —In April, closed listings across the Austin-Round Rock-Georgetown MSA increased 5.9% to 2,708 sales, the highest year-over-year increase in residential homes sold this year, while the median home price rose 1.1% to $469,998. The data demonstrates that there is a collective sense of confidence and optimism in the housing market among both homebuyers and sellers according to the latest Central Texas Housing Report.
Clare Losey, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, provided insight into the sales growth across the MSA and what’s to come regarding interest rates.
“The MSA experienced an increase in sales, indicating more opportunity in the market for all buyers. Despite the higher rate environment, the uptick in affordable inventory in the $300,000 range is allowing more first-time buyers to achieve homeownership. As we progress through the year, mortgage rates are expected to remain elevated with a slight possibility of a gradual decrease, which would result in an increase in buyers’ purchasing power.”
Austin real estate news: home sales for the Austin-Round Rock MSA comparing month over month between April 2024 and March 2024
✔ Overall, the median sales price was up (from $450,000) 
✔ Sold units were up (from 2,563)
✔ New listings were up (from 4,714)
✔ Active listings were up (from 9,478)
✔ Pending home sales were up slightly (from 3,116)
✔ Months of inventory were up (from 3.8)
Austin real estate news market statistics by county for the Central Texas Housing Market April 2024: Median Austin home prices and data by county
Months of inventory are calculated by dividing the number of homes listed for sale by the average number of homes sold per month within 12 months.
Austin Real Estate and other Central Texas Housing Market Median Sales Prices for Austin, Georgetown, Round Rock, Leander, Pflugerville, Dripping Springs, Buda, Kyle, Manor, Liberty Hill and beyond for Single-Family Residential Home Types.
This data combines all residential home types and only lists cities with at least 53 closed sales units to make the top 14.
Sales were up by less than 100 units month-over-month of the cities listed in Central Texas with the most sold.
️ Of the cities featured: Manor showed very little shift in median sold prices month-over-month.
⬇️ Median sales prices were down month-over-month in Buda, Dripping Springs, Georgetown, Kyle, Bastrop and Leander.
⬆️ Median sales prices increased MoM for Austin, Hutto, Pflugerville, Liberty Hill, San Marcos, and Round Rock.
Supply is up overall, and the drive in demand is specific to the inventory. A new listing priced on the lower end of available choices in a desirable community is selling quickly regardless of price point. An older listing that has been reduced and is now turning heads because is now ‘on sale’, not just ‘for sale’ is also selling quickly. Everything else that’s either testing the waters with a slightly higher price than other comparable homes or is in the middle of the pack is just sitting.
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Top 14 Central Texas cities with the most home sales
What Central Texas cities had the most home sales in April? Here is a breakdown of the top 14 cities with the most homes sold. All residential home types were included in this report.
Austin, Georgetown, Round Rock, and Leander remain in the top 4 slots. Cedar Park was back on the list with an 80% increase in the number of units sold over March.
City of Austin Real Estate Market: It’s the slowest, most negotiable market we’ve had in years here in Austin, Texas.
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Austin real estate market data compiled by ACTRIS© Matrix data through the Austin Board of REALTORS®. 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.