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Austin July home sales hit all-time highAustin July home sales hit all-time highhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=229692019-08-21T05:00:00Z2019-08-23T21:00:00Z

​​​​​​​​AUSTIN – Area home sales set an all-time high for any July on record as sales through the MLS increased 11.7 percent over the year to 3,439, according to the Austin Board of Realtors (ABOR).

The median sales price for a single-family home in the metro was $325,000 last month, up 3.2 percent.

Across the market, new listings increased 4 percent year-over-year to 3,841. Active​ listings fell 3.5 percent to 7,197. Pending sales jumped 17.4 percent to 3,385. 

The total dollar volume of single-family properties sold through the MLS grew 15.4 percent since July 2018 to $1.4 billion. 

Austin-Round Rock had 2.7 months of inventory in July, down 0.2 months. The Real Estate Center considers six to 6.5 months of inventory a balanced market.

Other highlights from the report include:

  • Travis County single-family home sales increased by 4.6 percent to 1,641. Sales dollar volume rose 10 percent to $827.2 million. 

  • New listings increased 10.7 percent to 1,330 in Williamson County, while pending sales experienced an increase of 20.1 percent to 1,206.

  • In Hays County, single-family home sales jumped 22.4 percent to 431 while pending sales increased 11.8 percent.

  • Bastrop County single-family home sales also saw a big increase of 41.1 percent to 127. Housing inventory increased 0.3 months to 4.3 months.

  • Caldwell County experienced the biggest spike, with single-family home sales jumping 52.2 percent to 35. During the same period, new listings decreased 19.6 percent to 37.​

texaslogo.pngGet more information on Austin's housing market from the Real Estate Center:
Austin Board of Realtors
Austin-Round Rock
Housing
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