According to the Austin Board of REALTORS® (ABoR) February Central Texas Housing Report, closed listings increased 11.3% year over year to 2,581 sales across the Austin-Round Rock MSA last month. Combined with a new record median price, which rose 27.9% year over year to an all-time high of $499,995, 2022 is shaping up to be a big year for the MSA’s housing market.
“February was a very active month for our housing market as sales price records continue to be broken,” Cord Shiflet, 2022 ABoR president, said. “We’re hearing from economists that last month’s numbers are a potential harbinger of a big year ahead even as our market continues to deal with insufficient supply compared to demand resulting in the steady cycle of home price increases.”
Across the MSA in February, sales dollar volume increased 34% year over year to $1,564,737,417 while new listings increased 10.4% to 2,834. At the same time, active listings decreased 4.1% year over year to 1,240 listings, while pending sales increased 20.3% to 2,967 across the MSA. This jump in pending sales indicate that March home sales growth could be equally strong as February.
To compare last year’s market you can view that here.
For last month’s market report you can view that here.