January 2022 was the second-most active start to a year in Central Texas for home sales, but closing sales decreased in the area, a new report shows.

In its monthly report, the Austin Board of Realtors stated that closed sales in the market are generally declining in Central Texas, a pattern that extends to some local real estate markets, including Round Rock, Pflugerville and Hutto.

Closing home sales fell 28.66% from 593 in December to 423 in January, but still represent a year-over-year increase of 70.8% from January 2021. ABoR data shows demand is still on the rise in the market with 0.2 months of inventory, down from 0.5 the previous month. ABoR experts have attributed this decline in available housing stock to delays in development caused by supply chain shortages.

The increase in sales year over year also comes with a 38.7% increase in the median price of a home. In Round Rock, Pflugerville and Hutto, the median price of a home in January 2022 was $450,800. Just one year previously, the median price was $325,000.

Month-to-month, the median price of a home increased by 1.53% from $443,999 in December.


This increase in prices is slightly higher than the Austin-Round Rock Metropolitan Statistical Area median, sitting at around 30%, according to the ABoR. The board's 2022 President Cord Shiflet called on elected officials to do what they can to address the area's housing shortage and high prices.

"We need to make it easier to build homes across all price ranges in the region so that anyone who wants to own or rent a home has the opportunity to do so," Shiflet said in the report. "Recent housing development announcements across the region like Trinity Ranch in Elgin and Prairie Lakes in Hays County are welcome news, but our community—including elected officials—needs to do more to address the systemic issues we face when it comes to getting new homes built quickly and residential redevelopment projects completed faster.”