Some areas of Round Rock saw an increase in home sales and a decline in median home prices in April, according to data provided by Unlock MLS.
The overview
Round Rock ZIP codes 78664, 78665, 78681 and 78717 all had a year-over-year decline in median prices in April. Three of these areas also saw a rise in home sales.
When looking at the Round Rock market as a whole, the city’s closed sales remained flat. However, the number of homes under contract, or pending sales, rose from 216 to 242 in April. The price per square foot also declined from $221 to $203.
April's decline in prices follows a similar trend seen in Round Rock in March, which also saw a year-over-year decline.
Diving deeper
Throughout the Austin metro, home sales rose by 2% year over year, while pending sales increased by 15.4% in April.
Vaike O’Grady, market research advisor at Unlock MLS, said buyers who have been delaying their home search took advantage of a temporary dip in mortgage rates earlier this year.
“That activity is now showing up in both pending and closed sales data,” O’Grady said in a news release. “Buyers are stepping back into the market with more urgency, especially when homes are priced correctly, and pending sales continue to be one of the clearest indicators of where the market is heading. April’s numbers show that confidence is building despite higher borrowing costs and ongoing economic uncertainty.”
