Sales in the Austin-Round Rock metro dropped 4.9% from last year to 3,215, and figures are similar in the Round Rock, Pflugerville and Hutto area, where sales were down about 5.3% from last November, according to the report.
However, other indicators from the ABoR suggest that despite a slight slowdown, the market is still hot as months of inventory remain low at 0.7—a slight tightening from October's 0.9.
The Round Rock, Pflugerville and Hutto area is also showing stable high demand through a 37.5% year-over-year increase in median sales price to $427,550.
In November 2020, the median price was $310,000.
Those and other figures are commensurate with the Greater Austin metro as a whole, and area professionals maintain Central Texas is still in high demand.
“We are selling a record or near-record number of homes every month because of the popularity of our region, driven by economic opportunities and the quality of life we are so accustomed to. While inventory is still low, we can attribute this to the high demand for our market and the churn of new homes being listed and selling in just over three weeks in most cases," ABoR President Susan Horton said in the report. "We have a high-demand market that can still be accessible for first-time and move-up buyers and, because of that, the real estate industry is helping contribute to the economic growth across the region.”
