The latest report from the Austin Board of Realtors shows a continuing trend of decreasing prices and growing inventory in the Round Rock, Pflugerville and Hutto housing markets as of January.

According to the report, the three cities combined saw a median home sale price of $435,124 in January, up 7.39% from $405,200 in December, but down 3.48% from $450,800 in January 2022.

In keeping with previous months, Round Rock Pflugerville and Hutto's median price in January was higher than the broader Central Texas market at $417,500, but lower than the city of Austin's median price of $525,000.

The three cities had a combined 845 active listings and 237 closed sales in January. Last January, they had only 135 active listings and 423 closed sales.

In the report, ABoR President Ashley Jackson said month-to-month trends indicate the local market is finding its new baseline.

“January’s data demonstrates the Austin-Round Rock [metropolitan statistical area] market is continuing to find a post-pandemic normal," Jackson said. "It is important to remember that when we compare year-over-year, we are currently comparing to an abnormal time in our market."