AUSTIN-ROUND ROCK MSA SALES, NEW LISTINGS DIP AS EXPERTS CALL FOR UPDATED POLICIES TO ENCOURAGE MORE HOUSING, STREAMLINED PROCESS
CENTRAL TEXAS HOUSING REPORT
AUSTIN, TX — 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. Even with the slight downtick in closings and new listings, REALTORS® are looking forward to helping their clients navigate a busy and competitive market in 2022.
In January, median sales price rose 30.4% to $476,000, a record for the month of January—and sales dollar volume rose to 18.2% to $1,318,618,884. New listings decreased 10.1% to 2,614 as active listings also dropped 0.7% to 1,351. Pending listings increased 3.8% to 3,352, as months of inventory stayed flat at 0.4 months. Homes spent an average of 28 days on the market, down six days f rom January 2021.
City of Austin – January 2022
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.
Travis County – January 2022
At the county level, home sales also decreased 12.3% to 1,102 sales, while sales dollar volume increased 4.8% to $726,842,604. The median price in Travis County rose 23.8% year over year to $530,000. During the same period, new listings decreased 14.7% to 1,206 listings, while active listings also dropped 25.7% to 603 listings. Pending sales declined 0.7% to 1,511 pending sales as monthly housing inventory decreased 0.1 months year over year to 0.4 months of inventory.
Williamson County – January 2022
In Williamson County, January home sales rose 4.8% to 759 sales, while sales dollar volume also increased 47.1% to $380,255,891. The median price rose 42.2% to $460,000, while new listings decreased 11.8% to 833 listings. During the same period, active listings rose 29.2% to 323 listings, and pending sales also increased 6.6% to 1,087 pending sales. Housing inventory rose 0.1 months to 0.3 months of inventory.
Hays County – January 2022
In Hays County, January home sales increased 1.3% to 315 sales, while sales dollar volume rose 33% to $160,833,807. The median price for homes increased 30.1% to $389,000. During the same period, new listings declined 1.7% to 357 listings, while active listings skyrocketed 66.3% to 266 listings. At the same time, pending sales increased 14% to 514 pending sales. Housing inventory rose 0.2 months to 0.6 months of inventory.
Bastrop County – January 2022
In January, Bastrop County home sales decreased 13.2% to 99 sales, while sales dollar volume rose 24.2% to $42,359,512. The median price also skyrocketed 50.2% to $398,000. During the same period, new listings decreased 0.6% to 159 listings, while active listings increased 35.9% to 125 listings. Pending sales fell 17% to 176 pending sales and housing inventory increased 0.2 months to 1.0 months of inventory.
Caldwell County – January 2022
In Caldwell County, January home sales decreased 33.3% to 20 home sales, and sales dollar volume also fell 12.7% to $7,271,553. The median home price rose 31.3% year over year to $315,000. At the same time, new listings grew 126.9% to 59 listings, while active listings dropped 26.1% to 34 listings. Pending sales soared 156% to 64 pending sales, and housing inventory decreased 0.4 months to 1.1 months of inventory.