Townhouse sales have increased by 159% in Round Rock, Pflugerville and Hutto in the year to date, according to July data released Aug. 19 by the Austin Board of Realtors. The uptick stood out amid a 9% decrease this year in total residential sales in the three-city region.
In Round Rock, overall residential sales have dipped by 13%, with notable decreases in single-family and condominiums sales. However, median home prices in Round Rock have increased by more than 6% year over year, now listed at $292,000.
In Pflugerville, townhouse sales increased 145.5%, with 27 closed sales in the year to date. Overall residential sales dipped by nearly 2%. The median home value has jumped by 8.5% and is now reported as $282,139.
Townhouse and condominium sales stayed flat in Hutto's real estate scene for July, while single-family residential sales dropped by 11.3%. The city has seen 440 closed single-family home sales in the year to date. The median home price has risen 9% to $247,500, per ABoR data.
In July, the Austin-Round Rock Metropolitan Statistical Area saw a 21.5% increase in residential sales year over year. July's market data marked a second consecutive month of stronger home sales numbers, per ABoR data.
"July was a very encouraging month for the Central Texas housing market,” 2020 ABoR President Romeo Manzanilla said in the release. “Strong home sales, combined with an increase in new listings and pending sales, are important benchmarks when analyzing the health of our market. A healthy housing marketing is vital to the overall economic recovery in the region, and with two consecutive months of positive numbers, we are growing more confident that this is sustainable and can help be the spark that gets our economy back on track.”
Townhouse sales jump nearly 160% in Round Rock, Pflugerville and Hutto
The uptick stood out amid a 9% decrease in total residential sales in the three-city region in the year to date, per Austin Board of Realtors data. (Community Impact staff)