In April, home sales in the Austin Round-Rock metropolitan statistical area hit a record, increasing 37.2% year over year to 3,604 sales, while the median sales price rose 41.6% year over year to an all-time high of $460,000, according to April Austin Board of Realtors data.
While the stay-at-home orders of April 2020 due to the coronavirus pandemic impacted sales and resulted in higher year-over-year percentage growth by comparison, median prices continue to rise, and inventory continues to remain low, data shows.
In Leander, residential sales increased 34.6% year over year and the median price rose 74.3% to $502,500. Leander also was reported to have 0.4 months of housing inventory, up 0.2 months of inventory from the month prior, the report said.
The average price per square foot of a Leander home is $209, up 41.8% from the year prior.
For Cedar Park, residential sales increased 81.4% year over year. The median price in the area continued to rise, increasing 49% year over year to $520,000. Cedar Park also was reported to have 0.6 months of housing inventory, up from 0.3 the month prior, the report said.
The average price per square foot of a Cedar Park home is $226, up 43.1% from the year prior.
According to the data, Williamson County April home sales increased 34%, and sales dollar volume soared 92.3% to nearly $573.49 million. The median price rose 45.4% to $430,000.
In addition, housing inventory declined 1.5 months year over year to 0.5 months of inventory, it said.
“One year ago, shelter-in-place orders effectively ground real estate transactions to a halt, leaving uncertainty in the market,” ABoR President Susan Horton said in a news release. “Although striking at face value, last month’s housing market activity demonstrates not only a strong recovery since last spring, but significant growth beyond that recovery.”