Austin-area home sales set an all-time high for any July on record, as sales last month increased 11.7% to 3,439 home sales, according to the latest Central Texas Housing Market Report from the Austin Board of REALTORS®. Despite the record, home sales within the city of Austin remained flat due to limited housing inventory.


Austin-Round Rock MSA

In the Austin-Round Rock MSA, single-family home sales in July experienced a double-digit increase of 11.7% year over year to 3,439 home sales; sales dollar volume also had a double-digit increase of 15.4% to $1,407,009,110. The median price for single-family homes rose slightly by 3.2% to $325,000. During the same period, new listings increased 4% to 3,841 listings, while active listings decreased 3.5% to 7,197 listings. Pending sales jumped 17.4% to 3,385 pending sales. Monthly housing inventory declined 0.2 months year over year to 2.7 months of inventory.

City of Austin

Single-family home sales remained stagnant this July at 943 sales in the city of Austin. However, sales dollar volume increased by 4.9% to $463,693,858. The median price for single-family homes rose 6.9% year over year to $410,000. During the same period, new listings remained flat at 1,080 listings; active listings decreased 14.7% to 1,435 listings; but pending sales jumped 10.2% to 948 pending sales. Monthly housing inventory decreased 0.2 months year over year to 1.9 months of inventory.

Travis County

In Travis County, single-family home sales increased by 4.6% to 1,641 sales in July. During the same period, sales dollar volume experienced a double-digit increase of 10% to $827,166,382 and the median price increased 5.8% to $390,500. New listings increased 1.7% to 1,857 listings; active listings decreased 9.3% to 3,169 listings; and pending sales spiked 15.8% to 1,626 pending sales. Monthly housing inventory dropped 0.2 months to 2.5 months of inventory.

Williamson County

Williamson County single-family home sales volume increased 15.4% to 1,205 sales and sales dollar volume jumped 19.8% to $387,644,203. The median price for a single-family home in July slightly increased year over year by 3.8% to $292,000. During the same period, new listings increased 10.7% to 1,330 listings. Active listings decreased by 1.7% to 2,457 listings. At the same time, pending sales experienced a double-digit increase of 20.1% to 1,206 pending sales. Housing inventory decreased 0.2 months to 2.6 months of inventory.

Hays County

In Hays County, single-family home sales jumped 22.4% to 431 sales in July and sales dollar volume rose 30.5% to $147,876,666. During the same period, the median price for single-family homes inched up slightly—1.5% to $265,000. New listings decreased 0.9% to 462 listings, but active listings increased 3.8% to 1,068 listings. Pending sales increased 11.8% to 388 pending sales. Housing inventory decreased 0.1 months year over year to 3.4 months of inventory.

Bastrop County

In July, Bastrop County single-family home sales spiked 41.1% to 127 sales and sales dollar volume jumped 38.6% to $35,286,487. The median price for a single-family home increased 11.3% to $256,868. During the same period, new listings increased 1.3% to 155 listings; active listings increased 18.2% to 397 listings; and pending sales rose 27.3% to 126 pending sales. Housing inventory increased 0.3 months to 4.3 months of inventory.

Caldwell County

In Caldwell County, single-family home sales in July spiked 52.2% to 35 sales and sales dollar volume jumped 61% to $8,922,843. The median home price increased 18.8% year over year to $193,590. During the same period, new listings decreased 19.6% to 37 listings as active listings increased 5% to 106 listings. Pending sales rose 34.5% to 39 pending sales. Housing inventory remained unchanged at 4.1 months of inventory.

Info and graphic courtesy of Austin Board of Realtors.