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Central Texas (Austin) Real Estate in July: Sales Down 9% YoY, Inventory Down 24% YoY

Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

For the Austin-Round Rock area: Central Texas Housing Market Report; July 2021Residential home sales decreased across the Austin-Round Rock Metropolitan Statistical Area (MSA) for the first time since May 2020, according to the Austin Board of REALTORS® July 2021 Central Texas Housing Report. Despite the dip, the five-county MSA was just 445 homes shy of breaking the all-time home sales record set in July 2020.Closed sales in July 2021 were 4,041, down 9.9% from 4,486 in July 2020.

Active Listings in July 2021 were 3,294, down 38.0% from 5,309 in July 2020.

Inventory in July was up 45% from last month, and up 174% from the all time low in March 2021.

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