Austin-Round Rock home sales keep climbing | Austin-Round Rock home sales keep climbing | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=20135 | 2018-05-15T05:00:00Z | 2018-05-15T16:00:00Z | 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 decreased 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.”
| Austin Board of Realtors
| Austin-Round Rock
| Housing
| https://www.abor.com/statsapr18/ | | | | Read more at {Source} |