Home sales continued to rise in Hutto, while Pflugerville closings remained stable in August, according to data by Unlock MLS.

Overview

Hutto’s trend of increasing home sales continued in August, with 69 homes sold compared to 54 homes sold in August 2024—a 27.8% increase. This marks four months in a row that Hutto has seen an increase in year-over-year sales:

• July: 38.6% increase
• June: 41.7% increase
• May: 23.8% increase

In Pflugerville, closings ticked up by two sales in August, compared to August 2024.The median home price of homes in both Pflugerville and Hutto saw little change. Pflugerville's median home price increased by 1.8%, while Hutto’s median price dropped by 1.5%.What they’re saying

“The market is showing healthy movement as we head into fall, and August’s data reflects growing buyer confidence even as overall sales volumes ease,” Vaike O’Grady, research advisor at Unlock MLS, said in a news release. “If the Fed lowers rates [Sept. 17] as expected, we could see renewed interest from buyers, especially those exploring adjustable-rate mortgages, which tend to respond more quickly to those kinds of changes.”

As anticipated, the Federal Reserve announced Sept. 17 the target range for the federal funds rate was lowered by 0.25 percentage points—4% to 4.25%. This is the first time the Fed has cut rates since late 2024.

O’Grady said in the release that even a small rate cut can improve affordability and prompt more buyers to re-renter the market.