Central Texas (Austin) Real Estate in July: Sales Down 9% YoY, Inventory Down 24% YoY

by Calculated Risk on 8/19/2021 02:26:00 PM

Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

For the Austin-Round Rock area: Central Texas Housing Market Report; July 2021

Residential home sales decreased across the Austin-Round Rock Metropolitan Statistical Area (MSA) for the first time since May 2020, according to the Austin Board of REALTORS(R) July 2021 Central Texas Housing Report. Despite the dip, the five-county MSA was just 445 homes shy of breaking the all-time home sales record set in July 2020.

Closed sales in July 2021 were 4,041, down 9.9% from 4,486 in July 2020.

Active Listings in July 2021 were 3,294, down 38.0% from 5,309 in July 2020.

Inventory in July was up 45% from last month, and up 174% from the all time low in March 2021.