Austin Real Estate Market Report October 2019

October 2019 brought double digit increases in home sales in Austin. This set a new record despite a record low inventory of single-family homes according to the Real Estate Market Report recently released from the Austin Board of Realtors®.  This home sales trend is not just limited to the City of Austin, but is spread across the region.

Austin-Round Rock MSA

• Single-family home sales increased 16.8% to 2,721 home sales
• Sales dollar volume increased 23.3% to $1,084,580,726
• Single-family median home price increased 7.4% to $327,500
• New listings increased 8.4% to 3,067 listings
• Pending sales increased 25.2% to 2,866 pending sales
• Active listings decreased 12.1% to 6,381 listings
• Monthly housing inventory declined 0.5 months to 2.3 months of inventory

City of Austin

• Single-family home sales increased 14.5% to 835 home sales
• Single-family median home price increased 8.9% to $405,000, a record high for any October
• Sales dollar volume increased 21.4% to $407,873,084
• New listings decreased 5% to 840 listings
• Active listings decreased 25.1% to 1,229 listings
• Pending sales increased 8.4% to 745 pending sales
• Monthly housing inventory decreased 0.6 months to 1.5 months of inventory

Travis County

• Single-family home sales increased 20.8% to 1,403 sales
• Sales dollar volume increased 27.8% to $667,953,401
• Single-family median home price increased 9.1% to $385,000
• New listings increased 4.7% to 1,473 listings
• Active listings decreased 16.6% to 2,743 listings
• Pending sales increased 18.9% to 1,325 pending sales
• Monthly housing inventory decreased 0.5 months to 2.1 months of inventory

Williamson County

• Single-family home sales increased 14.3% to 888 sales
• Sales dollar volume increased 19.7% to $286,068,265
• Single-family median home price increased 4.2% to $295,000
• New listings increased 10.8% to 1,066 listings
• Active listings decreased 13.2% to 2,250 listings
• Pending sales increased 29.6% to 1,046 pending sales
• Monthly housing inventory declined 0.6 months to 2.3 months of inventory

Hays County

• Single-family home sales increased 11% to 312 sales
• Sales dollar volume increased 9.6% to $100,655,239
• Single-family median home price increased by 7.1% to $266,000
• New listings increased 6.6% to 372 listings
• Pending sales jumped 31.2% to 345 pending sales
• Active listings decreased 5.2% to 931 listings
• Monthly housing inventory decreased 0.4 months to 2.9 months of inventory

Bastrop County

• Single-family home sales increased 4.9% to 86 sales
• Sales dollar volume increased 11.5% to $23,162,486
• Single-family median home price increased 14.1% to $249,900
• New listings increased 29.8% to 122 listings
• Active listings increased 14.3% to 352 listings
• Pending sales increased 40% to 119 pending sales
• Monthly housing inventory increased 0.1 months to 3.8 months of inventory

Caldwell County

• Single-family home sales increased 14.3% to 32 sales
• Sales dollar volume increased 19% to $6,748,695
• Single-family median home price increased 0.9% to $193,050
• New listings increased 88.9% to 34 listings
• Active listings increased 15.4% to 105 listings
• Pending sales increased 47.6% to 31 pending sales
• Monthly housing inventory increased 0.7 months to 4.3 months of inventory