AUSTIN, Texas—Austin-area home sales declined across most of the region in April as the full impact of the COVID-19 pandemic and local shelter-in-place orders was felt in the housing market, according to the Austin Board of REALTORS® (ABoR) latest Central Texas Housing Market Report.
In the city of Austin, the median price for residential homes experienced a double-digit increase of 12.3% year over year to $421,000. Residential sales decreased 33.1% to 759 sales, and sales dollar volume dropped by 23.9% to $387,921,787. During the same period, new listings decreased 24.8% to 1,158 listings, active listings fell 6.2% to 1,631 listings and pending sales declined 39% to 814 pending sales. Monthly housing inventory decreased 0.1 months year over year to 1.6 months of inventory.
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