Austin Real Estate Market Report September 2019

The Austin housing market is still plagued by low housing inventory and experienced a double-digit percent increase in Austin home sales according to the September 2019 Central Texas Housing Report recently released by the Austin Board of Realtors®.  The low housing inventory will continue to drive home prices up.  Board officials state that Austin needs to rewrite the land use code to be more flexible to allow for increased housing which will improve the imbalance in the housing market and it needs to be done sooner than later.

Austin-Round Rock MSA

• Single-family home sales increased 13.4% to 2,654 home sales
• Sales dollar volume increased 19.6% to $1,062,527,517
• Median price for single-family homes increased 6.7% to $320,000
• New listings increased 9.5% to 3,047 listings
• Active listings decreased 11.7% to 6,686 listings
• Pending sales increased 27.8% to 2,861 pending sales
• Monthly housing inventory declined 0.4 months to 2.5 months of inventory

City of Austin

• Single-family home sales increased by 14.8% to 798 home sales
• Sales dollar volume increased 23.3% to $393,731,739
• New listings remained steady at 808 listings
• Active listings decreased 24% to 1,274 listings
• Pending sales increased by 20.3% to 824 pending sales
• Monthly housing inventory decreased 0.5 months to 1.6 months of inventory

Travis County

• Single-family home sales increased 10.6% to 1,267 home sales
• Sales dollar volume increased 20.1% to $620,090,740
• Median price for single-family homes increased 9.1% to $382,000
• New listings increased 5.1% to 1,436 listings
• Active listings decreased 16% to 2,897 listings
• Pending sales increased 28.7% to 1,421 pending sales
• Monthly housing inventory decreased 0.5 months to 2.2 months of inventory

Williamson County

• Single-family home sales increased 22% to 953 home sales
• Sales dollar volume increased 26.1% to $307,745,640
• Median price for single-family homes increased 6.1% to $295,000
• New listings increased 18.9% to 1,121 listings
• Active listings decreased 12.4% to 2,352 listings
• Pending sales increased 28.3% to 980 pending sales
• Monthly housing inventory decreased 0.5 months to 2.5 months of inventory

Hays County

• Single-family home sales increased 9.7% to 329 home sales
• Sales dollar volume increased 6.3% to $107,164,718.
• Median price for a single-family home increased by 5.2% to $269,950
• New listings decreased 0.6% to 334 listings
• Active listings decreased 3.5% to 963 listings
• Pending sales increased 29.3% to 344 pending sales
• Monthly housing inventory decreased 0.2 months to 3.1 months of inventory

Bastrop County

• Single-family home sales decreased 15.6% to 76 sales
• Sales dollar volume decreased 10.6% to $20,552,725
• Median price for a single-family home increased 11.2% to $258,000
• New listings increased 24.8% to 126 listings
• Active listings increased 10.5% to 370 listings
• Pending sales increased 6.1% to 87 pending sales
• Monthly housing inventory remained steady at 4.1 months of inventory

Caldwell County

• Single-family home sales increased 26.1% to 29 sales
• Sales dollar volume increased 57.6% to $6,544,941
• Median home price increased 6.1% to $206,930
• New listings decreased 18.9% to 30 listings
• Active listings decreased 1% to 104 listings
• Pending sales increased 31.8% to 29 pending sales
• Monthly housing inventory increased 0.1 months to 4.3 months of inventory