Sales are continuing to trend downward as homes are sitting on the market longer in Liberty Hill and Leander, according to Austin Board of Realtors data.

“For several months, the Austin-area housing market has been balancing as Realtors continue to help clients on both sides of the transaction navigate this market effectively,” ABoR President Ashley Jackson said in the April Central Texas Housing Market Report.

In April, 77 homes in Leander were sold compared to 99 last year in April, which is a 22.22% decrease. Liberty Hill had four home sales in April—a 66.6% drop compared to 12 sales in April 2022.

Additionally, homes in Leander and Liberty Hill are sitting on the market longer in April compared to last year around the same time, and the amount of available inventory is continuing to climb.

Last year in April, the amount of available inventory in Leander was 0.6—which has managed to more than triple to 2.1 in April this year. Homes spent 17 days on the market last year in April compared to 76 days this year.

Similarly, in Liberty Hill the amount of available inventory reached 2.6 in April, which is up from last year at 1, according to ABoR data. In April, homes spent 85 days on the market compared to 34 last year around the same time.

Experts say this April data indicates the market is continuing to stabilize.

“A normalizing housing market, along with more inventory, is unequivocally a good thing for buyers, especially first-time buyers,” Jackson said. “Many Central Texas households would not have been able to attain homeownership had our market continued to experience record-breaking year-over-year gains in home prices.”