While the Austin MSA experienced a slight rebound amid the coronavirus pandemic, closed home sales in Round Rock, Pflugerville and Hutto dipped.
Data from Round Rock, Pflugerville and Hutto for June revealed a 13.6% year-over-year decrease in closed residential home sales thus far in 2020. Despite a downturn in sales, the average price of homes increased by 5.9% year over year—now listed as $316,752.
Sales in Round Rock dropped by 16% in June in the year to date, per ABoR data. The median home price increased 5.5% to $289,925, and the average home price is now listed as $322,876, a 5.6% uptick.
In Pflugerville, 549 homes have sold in the year to date, representing a 2.8% year-over-year decrease. The city's median home value is up 7.6% to $279,695, while the average home price jumped 8.5% year over year to $289,591.
Home sales in Hutto total 360 thus far in 2020, per ABoR data, a 4.7% downturn year over year. Median home values increased 7.9%. to $245,000, and the average home price climbed 6.1% to $249,944.
“There are plenty of unknowns in the months ahead," said James Gaines, chief economist for the Real Estate Center at Texas A&M University, in a July 14 news release. "And while home sales declined throughout the Austin-MSA during the first six months of 2020, we are still on track for a strong year."
