April Home Sales in Austin impacted by COVID-19

• Compared to April 2019, residential sales across the five county Metropolitan Statistical Area declined by 22%.
• Sales dollar volume fell 18%.
• Active listings declined by 7%.
• Housing inventory stands at 2.1 months, .2 months less than last year.
• Median sales price increased 3.2% to $325,000.
• Homes were on the market 9 fewer days or on average 43 days total.
• Active listings dropped 7%.
• New listings declined 21%.
• Pending sales declined 25%.

Austin Board of Realtors, May 19, 2020