In January, the Austin-Round Rock MSA housing market experienced an overall decline in closed sales compared to January 2021 as the number of closed listings fell 5.8% to 2,295, according to the Austin Board of REALTORS® latest Central Texas Housing Report.
“This was the second-most active January on record in our market,” Cord Shiflet, 2022 ABoR president, said.
According to Austin Board of REALTORS® In the city of Austin, the median home price rose 20.9% year over year to $550,000—a record for the month of January. Home sales decreased 10.6% to 711 sales, while sales dollar volume increased 2.6% to $465,738,899. During the same period, new listings decreased 18.3% to 784 listings, active listings dropped 37.7% to 362 listings, while pending sales also dipped 7.2% to 960 pending sales. Monthly housing inventory decreased 0.2 months year over year to 0.3 months of inventory.
If you would like to compare January 2021 to January 2022 you may do so here.
