Austin-Round Rock home sales keep climbing

​​​​AUSTIN – ​​The local housing market is becoming more competitive due to declining inventory and robust sales, says a newly released report from the Austin Board of Realtors (ABoR).

April 2018 ​​report highlights include:

• New listings increased 5.6 percent to 4,139 listings, and active listings fell 2.8 percent to 6,154. 

• Pending sales rose 14.3 percent to 3,320.

• The median price of single-family homes in the area increased 3.8 percent year over year to $316,000 in April.

• Housing inventory de​creased 0.2 months to 2.4 months. The Real Estate Center considers a six- to 6.5-months supply a balanced market. 

• Homes priced between $150,000 and $250,000 stayed on market for 35 days.​ 

“In the Austin-Round Rock MSA, price classes across the board are seeing an increase in demand with a decrease in inventory,” said ABoR President Steve Crorey.​ “While new listings are up year over year, homes are selling faster than they can be listed on the market. This has led to a smaller number of active listings and an increasingly competitive market for homebuyers.”​