House prices continue to climb as listings decrease in Northwest Austin

New home listings across Northwest Austin fell by more than 17% in April compared to March. (Iain Oldman/Community Impact Newspapers)
New home listings across Northwest Austin fell by more than 17% in April compared to March. (Iain Oldman/Community Impact Newspapers)

New home listings across Northwest Austin fell by more than 17% in April compared to March. (Iain Oldman/Community Impact Newspapers)

Image description
(Designed by Mel Stefka/Community Impact Newspaper)
Image description
(Designed by Mel Stefka/Community Impact Newspaper)
Image description
(Designed by Mel Stefka/Community Impact Newspaper)

The median price of all residential homes in Northwest Austin increased by more than $10,000 to $425,000 from March to April. Those figures represent a 15.4% increase from April 2019, new residential real estate figures show.

The increase comes as fewer sellers are listing their houses on the market in the midst of the coronavirus pandemic, according to data provided by the Austin Board of Realtors.



In the six ZIP codes of Community Impact Newspaper’s Northwest Austin distribution area, new home listings in April fell to 155, a 17.99% decrease from the number of new listings in March.

Similarly, the number of closed sales in April dropped when compared to numbers from March. In April, ABoR reported 104 sales in Northwest Austin, down from 141 the month prior.

Read the full story here.

By Iain Oldman
Iain Oldman joined Community Impact Newspaper in 2017 after spending two years in Pittsburgh, Pa., where he covered Pittsburgh City Council. His byline has appeared in PublicSource, WESA-FM and Scranton-Times Tribune. Iain worked as the reporter for Community Impact Newspaper's flagship Round Rock/Pflugerville/Hutto edition and is now working as the editor for the Northwest Austin edition.


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