The Austin-Round Rock MSA experienced a decline in residential home sales, while a slight increase in housing inventory coincided with a new all-time record for median sales price.
In March, residential home sales declined 5.9% year over year to 3,302 closed sales as the median price rose 22.6% to a new all-time record of $521,100. Sales dollar volume grew by 10.3% to $2,130,213,961 as new listings dipped 1.2% to 4,150. Active listings jumped 46.1% to 1,731 listings, causing housing inventory to increase 0.2 months to 0.5 months of inventory. Pending sales fell 11.1% to 3,597 listings and listings spent an average of 21 days on the market, six fewer days than March 2021.
City of Austin
In March, home sales decreased 6.3% to 1,048 sales, while sales dollar volume increased 9.6% to $809,687,300. At the same time, median price rose 22.4% to $624,000, an all-time record for the City of Austin. Last month, new listings decreased 7.5% to 1,316 listings, active listings rose 20.3% to 533 listings, while pending sales dropped by 18.7% to 1,128 pending sales. Monthly housing inventory increased 0.1 months year over year to 0.5 months of inventory.
Travis County
In Travis County, home sales also decreased 7.1% to 1,615 sales, while sales dollar volume increased 4.3% to $1,215,615,940. Last month, median price in Travis County rose 22.8% year over year to $600,500 as new listings decreased 4.5% to 2,048 listings and active listings increased 32.1% to 873 listings. Pending sales declined 18.3% to 1,696 as monthly housing inventory increased 0.1 months year over year to 0.5 months of inventory.
Williamson County
March home sales decreased 3.0% to 1,115 sales in Williamson County. Sales dollar volume rose 18.8% year over year to $604,628,462. The median price increased 22.5% to $490,000 as new listings fell 0.8% to 1,344 listings. During the same period, active listings skyrocketed 66.5% to 428 listings while pending sales dropped 7.7% to 1,219 pending sales. Housing inventory rose 0.2 months to 0.4 months of inventory.
Hays County
In Hays County, March home sales decreased 2.6% to 409 sales, while sales dollar volume rose 21.4% to $234,574,514. The median price for homes jumped 27.6% to $440,000. During the same period, new listings decreased 10.2% to 482 listings, while active listings increased by 50.6% to 268 listings. Pending sales fell 6.0% to 452 pending sales as housing inventory ticked up 0.3 months to 0.7 months of inventory.
Bastrop County
In March, Bastrop County home sales declined 27.3% year over year to 120 sales, while sales dollar volume rose 9.1% to $56,760,430. The median price also increased 46.9% to $405,500 as new listings rose 48.5% to 196 listings. Active listings soared 109.8% to 128 listings and pending sales increased 13.2% to 154 pending sales. Housing inventory increased 0.5 months to 1.0 months of inventory.
Caldwell County
In Caldwell County, March home sales increased 19.4% to 43 home sales, and sales dollar volume rose 38.7% to $16,766,237. The median home price rose 31.2% year over year to $329,000. At the same time, new listings rose by 150% to 80 listings as active listings also increased 21.4% to 34 listings. Pending sales rose 130.3% to 76 pending sales, and housing inventory increased 0.1 months to 1.0 months of inventory.
