• Joe Reider, Realtor

Central Texas May 2020 Housing Stats

May 2020 market statistics for the Central Texas area have been released by The Austin Board of Realtors® (ABoR). Included below are highlights for the Austin-Round Rock MSA and Williamson County.

With the full impact of the COVID-19 pandemic being felt in the housing market, Austin-area home sales declined across the region in May. With declining inventory and stable prices, it remains a seller's market.


Year over year metrics:

  • In the City of Austin, continued demand and limited inventory drove home prices up, as sales dropped due to fewer listings. The median price for residential homes increased 10.7% to $424,050 and residential sales  decreased  36.6% to  826  sales. New listings fell  18.7% to  1,348  listings,  active listings  decreased  13.5% to 1,684  listings  and  pending sales declined 4.9% to  1,216. Monthly housing inventory decreased 0.2  months  year over year to just 1.7 months of inventory. 

  • In Williamson County May  residential sales  decreased by 27.1% to 914  sales, and the median price  fell 2.7% to $290,000. New listings dropped 20.1% to  1,269  listings, while active listings  slightly  decreased  23.7% to  1,826  listings. Pending sales jumped 23.6% to 1,497  pending sales. Housing inventory declined 0.7  months year over year to  1.8  months of inventory. 

May 2020 Housing Statistics For Austin Texas
May 2020 Housing Statistics For Williamson County, Texas

If you’re considering buying or selling, 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?

The market inventory is tight but I have a successful history of helping clients navigate seemingly challenging situations. Contact me and lets 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!

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