Austin Real Estate Market Report December 2018

The Austin Board of Realtors recently released the December and Year-End Central Texas Housing Market Report.  The report showed that this past year was the highest grossing year on record and that the median price has stayed above $300,000 for a record-breaking 10 straight months for single-family homes in the Austin-Round Rock MSA.  While this has led to a record-breaking high in sales dollar volume, it has also caused a decreasing affordability which is forcing families out of Austin.  2019’s Central Texas housing market outlook is projected to remain the same.

Austin-Round Rock MSA

• Annual:
  • Median single-family home price increased 3.6% to $310,400
  • Sales increased 2.1% to 30,713 sales
  • New listings increased 0.8% to 38,870 listings
  • Active listings increased 2.5% to 6,559 listings
  • Pending sales increased 1.9% to 30,805 pending sales
• December 2018:
  • Median single family home price decreased 0.8% to $305,000
  • Sales decreased 11.1% to 2,370 sales
  • Housing inventory increased 0.2 months to 2.3 months of inventory

City of Austin

• Annual:
  • Median single-family home price increased 4.1% to $375,760
  • Sales remained flat at 9,357 homes
  • Sales dollar volume increased 5.3% to $4,365,464,913
• December 2018:
  • Median single-family home price increased 6.2% to $376,875
  • Sales decreased 17.3% to 669 sales
  • Housing inventory decreased 0.1 months to 1.4 months of inventory

Travis County

• Annual:
  • Median single-family home price increased 2.9% to $360,000
  • Sales increased 3.2% to 15,240 sales
• December:
  • Median single-family home price increased 0.4 % to $350,000
  • Sales decreased 11.7% to 1,135 sales
  • Housing inventory stayed at 2.0 months—the same as the previous December

Williamson County

• Annual:
  • Median single-family home price increased to $285,000
  • Sales increased 1.2% to 10,634 sales
• December:
  • Median single-family home price decreased 2.4% to $280,000
  • Sales decreased 12.4% to 856 sales
  • Housing inventory increased 0.4 months to 2.4 months of inventory

Hays County

• Annual:
  • Median single-family home price increased 2.3% to $264,990
  • Sales increased 2% to 3,524 sales
• December:
  • Median single-family home price increased 2.3% to $272,938
  • Sales decreased 11.3% to 267 sales
  • Housing inventory increased 0.5 percent to 2.9 months of inventory