Real estate data released by the Austin Board of Realtors June 18 show a decrease in home sales in Round Rock, Pflugerville and Hutto.

Per ABoR data, residential sales decreased 15.4% between May 2019 and May 2020, with a 10.8% dip in dollar volume affiliated with closed sales.

"We're seeing home sales drop because we simply don't have enough inventory on the market," ABoR President Romeo Manzanilla said in a news release.

Despite a downturn in home sales, the average home prices in Round Rock, Pflugerville and Hutto increased 5.4%, with the average price listed as $314,068.

In Round Rock, single-family home sales in the year to date decreased by 19.8% as compared to May 2019. The median price for a single-family home in May 2020 was recorded as $288,500, marking a 3% increase year over year.

In Pflugerville, 405 single-family home sales have closed in the year to date, up by 3% compared to May 2019. The median home price has jumped by 8.4% to $281,750, per ABoR data.

Single-family home sales in Hutto totaled 302 in the year to date, representing an 11.2% downturn from May 2019. The median price for a single-family home increased by 6.3%, listed as $250,377.

Travis County's residential sales decreased by 33.8% in May 2020 with 1,319 sales recorded. In Williamson County, residential sales declined by 27.1% to 914 sales in May.

"If you compare Austin's home sales to the majority of large cities in the U.S., you'll find Austin's market has remained strong," said Mark Sprague, state director of information capital at Independence Title, in the release. "But because sales numbers have a one-to-three-month lag time, it was no surprise May sales declined, and we'll likely see the same in June and July. The solution is increased housing stock. Until more homes are put on the market, we won't see home sales recover anytime soon."