Austin Real Estate Market Statistics

July 2019 Median Home Price and Statistics

 

"Regional single-family home sales posted strong gains this July, indicating the summer selling season is likely to remain active and steady throughout August," Kevin P. Scanlan, 2019 president of the Austin Board of REALTORS®, said. “It’s a sellers’ market right now. Even though we saw an increase in new listings, inventory remains low. Homes located inside city limits are spending less than one month on the market, on average." 

 

Jim Gaines, chief economist at the Real Estate Center at Texas A&M University, said despite stagnant sales in Austin, the overall market “is still very strong.  "Due to the lack of affordable options and tight inventory in the city of Austin, home sales are declining within the city limits but increasing in the surrounding areas," he said. “The good news is, we’re seeing home prices begin to stabilize."

Single-family home sales remained stagnant at 943 sales in the city of Austin while sales dollar volume increased by 4.9% to $463,693. The median price for single-family homes rose 6.9% year over to $410,000. New listings remained flat at 1,080 listings and active listings decreased 14.7% to 1,435 listings; pending sales jumped 10.2% to 948 pending sales. Housing inventory decreased to 1.9 months of inventory and homes spent an average of 29 days on the market.