Contact us: (512) 53-Dwell

Our Blog

Austin Area Market Snapshot – April 2019 Stats

Like this report? Use the form to the right to sign up and it will be emailed to you every month!

AUSTIN, TX–Central Texas REALTORS® remained busy after strong first-quarter sales, with the number of April home sales skyrocketing almost 15% in the Austin-Round Rock Metropolitan Statistical Area (MSA) over the same period last year. However, because the median sales price increased by a much narrower margin, results signal market prices stabilizing, according to the Austin Board of REALTORS® April 2019 Central Texas Housing Market Report. 

“In the first quarter of the year, the median price of a single-family home in the Austin-Round Rock MSA increased by just 0.2%, which is a much smaller margin compared to previous years. Between 2012 and 2015, we saw price increases as high as 9%,” Kevin P. Scanlan, 2019 president of the Austin Board of REALTORS®, said. “These narrower margins are a strong indication that market prices are starting to stabilize.”

Austin-Round Rock MSA

In April, the median home price in the five-county MSA increased 1.6% to $320,000. Home sales increased year over year by 14.9% to 3,035 sales; sales dollar volume increased 14.1% to $1,207,238,711. During the same period, new listings decreased 1.8% to 4,018 new listings, while active listings increased 1% to 6,217 active listings. Pending sales jumped 14.3% to 3,588 pending sales. Housing inventory in April remained unchanged at 2.4 months of inventory.

Scanlan added that a slight dip in new listings one month, “isn’t indicative of a larger trend.”

“We expect to see listings increase as we enter the summer selling season,” he said.

City of Austin

In the city of Austin, the median home price in April increased year over year by 1.1% to $394,450. During the same period, single-family home sales increased by 3.6% to 889 sales and sales dollar volume increased by 1.1% to $421,578,061. New listings decreased 10.7% to 1,158 listings and active listings decreased 12% to 1,163 listings, but pending sales increased 4.2% to 1,070 pending sales. Inventory dropped by 0.2 months to 1.5 months of inventory.

Source: Austin Board of REALTORS® (ABoR)

Jason Lindenschmidt

Jason Lindenschmidt

With a client base built on referrals, Jason has established himself as a real estate professional that goes above and beyond for his clients. Extensive knowledge of the Austin market coupled with a driving work ethic has helped Jason build a strong reputation for client commitment and success.

Comments are closed.