MSA experiences boost in sales as median

price holds steady

In April, closed listings across the Austin-Round Rock-Georgetown MSA increased 5.9% to 2,708 sales. The highest year-over-year increase in residential homes sold this year, while the median home price rose 1.1% to $469,998. 

Clare Losey, Ph.D., “The MSA experienced an increase in sales, indicating more opportunity in the market for all buyers. The uptick in affordable inventory in the $300,000 range is allowing more first-time buyers to achieve homeownership. As we progress through the year, mortgage rates are expected to remain elevated with a slight possibility of a gradual decrease.”

Kent Redding, “While we are excited to see more housing options emerge for buyers across the MSA, more work still needs to be done to create opportunities for homeownership within the city of Austin, particularly for first-time buyers, teachers, first responders and others who are finding it difficult to afford a home here. Our community needs to come together to advocate for housing reforms that allow for more types of housing across the city so that Austin’s future is one where everyone can afford to call the city home.”

You’ll find comprehensive information on the current market stats right here.  Additionally, for more details, feel free to explore www.abor.com.

If you would like to see a comparison to the Market Stats from April 2023, click here.

If you’re curious about markets beyond Austin, take a look at the Corpus Christi market.