Real Estate Market Report
AUSTIN, TX — According to the Austin Board of REALTORS® May 2022 Central Texas Housing Market Report, active listings experienced triple-digit percentage growth year over year and inventory rose to over one month of inventory for the first time in seven months. The data indicates the market is calming as typical seasonality is returning in terms of the number of closings, even as sales dollar volume sustained a positive lift.
Active Listings vs Sold Listings in Central Texas
The chart shows the number of active home listings versus the number of sold listings in the Austin-Rock MSA over the past year.
In February and March of 2022 home sales outpaced the number of active listings. The opposite is true now.
In June we have a record number of listings currently on the market, almost 7,000 listings….. more than triple the number of home listings earlier this year.
1,000 New Homes North of Austin near Florence Vineyard
A Dallas-based real estate developer has partnered with the owners of a winery and resort north of Austin to add more than 1,000 Tuscan-style luxury homes on the 600-acre scenic property in the Hill Country.
The development is selling one-acre to three-acre estate home lots at a “brisk pace” at the Vineyard at Florence.
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Fastest Growing Cities in the Nation
According to the US Census Bureau, central Texas was home to 3 of the top 5 fastest growing cities in the nation in 2021.
Considering cities with populations of 50,000 or more, Georgetown had the largest percent change in growth at 10.5 percent. Leander came in second at 10.1 percent and New Braunfels placed fifth in the nation growing at 8.3 percent.
Past Decade of Median Price
The median price of homes has steadily increased over the past decade in the 5-county MLS areas of Travis, Williamson, Hays, Bastrop and Caldwell.
The median price in May of 2022 increased to $550,000, an all-time high for central Texas.