Published May 16, 2019
April 2019 Central Texas Housing Market Report
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Austin Real Estate Market Statistics
April 2019 Average Home Price and Statistics
The number of April home sales skyrocketed almost 15% in the Austin-Round Rock Metropolitan Statistical Area (MSA) over the same period last year. However 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, president of ABOR, said. “These narrower margins are a strong indication that market prices are starting to stabilize.”
Home sales increased 3.6% to 889 over last year throughout the City of Austin. New listings decreased 10.7% to 1,158, active listings decreased 12% to 1,163, but pending sales increased 4.2% to 1,070. Monthly housing inventory decreased by 0.2 months to 1.5 months.
