Austin Real Estate Market Report June 2019

According to the June and Midyear 2019 Central Texas Housing Market Report just released by the Austin Board of Realtors®., the Austin-Round Rock Metropolitan Statistical Area (MSA) experienced strong gains in single-family home sales, while the city of Austin experienced declines in the first half of this year. The dip in Austin’s home sales could be indicative of a trend resulting from limited housing inventory and increasing home prices. These constraints within the city are pushing people further into the suburbs. As Austin continues to be one of the most prime locations to reside, the suburbs are benefiting the most from this demand.

Austin-Round Rock MSA

• January to June 2019
  • Single-family home sales increased 4.3% to 16,203 home sales
  • Median home price increased 1% to $315,000.
  • New listings increased 1% to 22,047 listings
  • Active listings increased 4.8% to 6,282 listings
  • Pending sales increased 7.9% to 18,180 pending sales
  • Sales dollar volume increased 6% to $6,439,059,121
• June 2019
  • Single-family home sales increased 0.5% to 3,349 sales
  • Median price for a single-family home increased 3% to $334,702
  • Monthly housing inventory decreased 0.2 months to 2.7 months

City of Austin

• January to June 2019
  • Single-family home sales decreased 1.6% to 4,736 sales
  • Median price for a single-family home increased 3.2% to $387,100
  • New listings decreased 3.4% to 6,249 listings
  • Active listings decreased 5.7% to 1,215 listings
  • Pending sales edged upward by 0.2% to 5,229 sales.
•  June 2019
  • Single family home sales decreased 2.3% to 985 home sales
  • Median price increased 10.9% to $420,000
  • Monthly housing inventory decreased 0.2 months to 1.9 months of inventory
  • Homes spent an average of 30 days on the market

Travis County

• January to June 2019
  • Single-family home sales increased 1.1% to 7,872 home sales
  • Median price for single-family homes increased 2.8% to $370,000
  • New listings decreased 1.1% to 10,844 listings
  • Active listings decreased 2% to 2,735 listings
  • Pending sales increased 4.2% to 8,850 pending sales
• June 2019
  • Single-family home sales remained flat at 1,675 home sales
  • Median price increased 8.4% to $400,000
  • Monthly housing inventory decreased 0.2 months to 2.5 months of inventory

Williamson County

• January to June 2019
  • Single-family home sales increased 7.8% to 5,783 home sales
  • Median price for single-family homes decreased 0.6% to $285,000
  • New listings increased 1.3% to 7,428 listings
  • Active listings increased 6% to 2,183 listings
  • Pending sales rose 10.9% to 6,410 pending sales
• June 2019
  • Single-family homes sales decreased 0.4% to 1,152 sales
  • Median price decreased 2.1% to $292,500
  • Monthly housing inventory declined 0.2 months to 2.6 months of inventory

Hays County

• January to June 2019
  • Single-family home sales increased 6.3% to 1,861 home sales
  • Median price increased 1.9% to $269,900
  • New listings increased 4.4% to 2,678 listings
  • Active listings increased 12.8% to 927 listings
  • Pending sales rose 10.9% to 2,127 pending sales
• June 2019
  • Single-family home sales increased 6.9% to 389 sales
  • Median price decreased 5.2% to $269,950
  • Monthly housing inventory decreased 0.1 months to 3.3 months of inventory

Bastrop County

• January to June 2019
  • Single-family home sales increased 9.4% to 538 home sales
  • Median price increased 3.2% to $235,000
  • New listings increased 12.4% to 854 listings
  • Active listings increased 37% to 337 listings
  • Pending sales rose 21.2% to 624 pending sales
• June 2019
  • Single-family home sales increased 1.9% o 108 home sales
  • Median price decreased 5.3% to $241,500
  • Monthly housing inventory increased 0.5 months to 4.3 months of inventory

Caldwell County

• January to June 2019
  • Single-family home sales increased 2.8% to 149 home sales
  • Median price increased 12.4% to $204,500
  • New listings increased 12.5% to 243 listings
  • Active listings increased 29% to 98 listings
  • Pending sales rose 14.2% to 169 pending sales
• June 2019
  • Single-family home sales decreased 19.4% to 25 home sales
  • Median home price decreased 4.5% to $198,750
  • Monthly housing inventory increased 1.0 months to 4.4 months of inventory