April 2018 Austin Market Report

Posted on Monday, May 21st, 2018 at 12:13pm.

April 2018 Austin Market Report

With increases nearly across the board, Austin's real estate market is starting to heat up for the busy spring selling season. Most counties in Central Texas saw an increase in single-family home sales, with the Austin-Round Rock area up 4% to 2,611 homes sold while the median home price rose 4% to $316,000. Despite the continuous rise in prices, pending sales for April increased by 14%. The month of April also yielded an increase in total dollar sales volume to $1.1 billion. The home inventory level for the Austin area saw a slight decrease with 2.4 months of inventory available. Check out the newest numbers from the Austin Board of REALTORS® for April:

April 2018 Austin Area Market Statistics

  • 2,611 single-family homes were sold this April - 4% more than April 2017
  • The median price of a home increased 4% since last April to $316,000
  • Total dollar volume of single-family properties sold was $1.1 billion for April 2018, up 14% from last year
  • Decrease in the months of inventory since April 2017, settling at 2.2 months in April 2018
  • 51 days spent on the market in April 2018 compared to 49 days the previous year
  • 6,154 active listings during April 2018 - down 3% from April 2017
  • 6% increase in new listings for April 2018 for a total of 4,139 listings
  • 14% more pending sales than April 2017 with 3,320 in April 2018

Austin's real estate market is getting busier than ever! Whether you’re looking to buy or sell a home, our experienced agents would love to help you through the process. For buyers, our Austin home search is the best place to start. Our agents can set up email notifications to help stay on top of the latest homes for sale in your preferred neighborhood. If you’re thinking about selling, now is a great time to make your move. Our expert agents can help you price your home correctly, market it effectively, and choose the best offer for your sale. Contact us for more information about buying or selling homes in the Austin area.

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