Per Austonia; A brewing slowdown? Austin real estate volume slows, while prices continue to rise

Click here for the AUSTONIA exact online article

Home sales are starting to show signs of a downward trend for the Austin metro.

Here's a look at the numbers behind the month's housing report:

The metro saw 3,280 home sales, 216 short of a record-breaking April 2021
The median home price grew 19.6% year-over-year to $550,0000
Active listings jumped 52.5%, causing inventory to rise from 0.3 months to 0.8 months
The city of Austin has a new all-time median home price record of $640,000

While ABoR president Cord Shiflet said the metro has "far from a healthy number of homes for sale," Austin did see the biggest gain in housing inventory year-over-year since 2017 as the market continues to slowly cool from its pandemic peak.

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