Austin's Median Home Price Reaches All-time High for September

 

While the summer selling season has ended for most housing markets, the Austin Board of REALTORS®' latest Central Texas Housing Market Report shows a double-digit percent increase in Austin home sales, which continue to outpace inventory and drive up home prices. The median price of a single-family home in the city of Austin rose 11.9% this month to $406,000 an all-time high for any September on record.

 

In the Austin-Round Rock MSA, single-family home sales in September experienced a double-digit percent increase of 13.4% to 2,654 home sales, and sales dollar volume jumped 19.6% to $1,062,527,517. The median price for single-family homes increased 6.7% to $320,000. During the same period, new listings increased 9.5% to 3,047 listings; active listings decreased 11.7% to 6,686 listings, and pending sales spiked 27.8% to 2,861 pending sales. Monthly housing inventory declined 0.4 months year over year to 2.5 months of inventory.

 

In the city of Austin, single-family home sales increased by 14.8% to 798 sales in September. During the same period, sales dollar volume spiked 23.3% to $393,731,739. New listings remained flat at 808 listings; active listings decreased 24% to 1,274 listings, and pending sales jumped by 20.3% to 824 pending sales. Housing inventory decreased 0.5 months year over year to 1.6 months of inventory.

 

This September, single-family home sales increased in Travis County by 10.6% to 1,267 sales, and sales dollar volume also increased by 20.1% to $620,090,740. The median price for single-family homes increased 9.1% year over year to $382,000. During the same period, new listings increased 5.1% to 1,436 listings, while active listings decreased 16% to 2,897 listings. However, pending sales jumped 28.7% to 1,421 pending sales. Monthly housing inventory decreased 0.5 months year over year to 2.2 months of inventory.

 

In Williamson County, in September single-family home sales increased 22% to 953 sales; sales dollar volume experienced a double-digit increase of 26.1% to $307,745,640. During the same period, the median price for single-family homes increased 6.1% to $295,000. New listings increased 18.9% to 1,121 listings while active listings decreased 12.4% to 2,352 listings. Pending sales spiked 28.3% to 980 pending sales. Housing inventory decreased 0.5 months year over year to 2.5 months of inventory.

 

In September, Hays County single-family home sales increased 9.7% to 329 sales, and sales dollar volume increased 6.3% to $107,164,718. The median price for a single-family home increased by 5.2% to $269,950. During the same period, new listings slightly decreased by 0.6% to 334 listings; active listings decreased by 3.5% to 963 listings; while pending sales jumped 29.3% to 344 pending sales. Housing inventory decreased from 0.2 months to 3.1 months of inventory.

 

Bastrop County single-family home sales declined 15.6% to 76 sales, and sales dollar volume dropped 10.6% to $20,552,725 in September. However, the median price for a single-family home had a double-digit percent increase of 11.2% to $258,000. During the same period, new listings spiked 24.8% to 126 listings; active listings rose 10.5% to 370 listings, and pending sales increased 6.1% to 87 pending sales. Housing inventory remained flat at 4.1 months of inventory.

 

In Caldwell County, in September single-family home sales jumped 26.1% to 29 sales, and sales dollar volume spiked 57.6% to $6,544,941. The median home price increased 6.1% year over year to $206,930. During the same period, new listings decreased by 18.9% to 30 listings; active listings slightly decreased by 1% to 104 listings, and pending sales sharply increased by 31.8% to 29 pending sales. Housing inventory increased by 0.1 months to 4.3 months of inventory.