April market statistics for the Central Texas area have been released by The Austin Board of Realtors® (ABoR). Included below are highlights for Austin-Round Rock MSA, and Williamson County.
With the full impact of the COVID-19 pandemic and local shelter-in-place orders being felt in the housing market, Austin-area home sales declined across most of the region in April. With declining inventory and rising prices, it's currently a seller's market.
Year over year metrics:
In the greater Austin-Round Rock MSA listing and pending sales continued to dip and properties spent fewer days on the market, indicating a tightening inventory. Closed sales were down 21%. Despite the downward sales metrics, the median price for residential homes in the city of Austin alone rose 12.3% to $421,000 and the median sales price in the greater Austin-Round Rock MSA rose 3% to 325,000.
In Williamson County all the key performance metrics were down with the exception of the median price for residential homes, which increased by 6% to $300,000. More details are available in the infographics below.
If you’re considering buying or selling, the short answer is yes! You can download and read this Fact Or Fiction COVID Resource Guide to learn more about what you can expect from the housing market right now. Including answers to your questions like:
Will Austin's housing market likely crash?
If I'm selling do I still need an appraisal?
Do people have to meet in person to close on a home?
Contact me and let's address any concerns and how we can keep your goals and the current market conditions working together!
Stay happy and healthy!
Joe Paul Reider
Home Style Austin Founder Austin Realtor® Keller Williams Realty, Inc.
Email: JoePaul@KW.com Mobile: 512-222-3302 Web: JoePaulReider.KW.com
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Please Note: All information in this post is deemed reliable but it is not guaranteed. I can help you validate any concerns or discrepancies!