April 2022 Austin Market Update
April residential home sales decreased across the Austin-Round Rock MSA for the second month in a row. Despite the dip, the five-county MSA was just 216 homes shy of breaking the record set for April home sales in April 2021.
“One of the biggest mistakes REALTORS® see prospective homebuyers make is not having a game plan before beginning the search process. Are you pre-approved with a lender? Do you have a clear understanding of the home features you need, and where you’re willing to make trade-offs? A REALTOR® has the connections, contract knowledge, and market intelligence to best position you for success.” Cord Shiflet, 2022 ABoR president
This marks the biggest gain in housing inventory year over year since the summer of 2017 when housing inventory increased by 0.4 months for June 2017 year over year and 0.3 months for both July and August of 2017.