City of Austin home sales down, prices up

AUSTIN (Austin Board of Realtors) – Citywide home sales dipped last month as the median price rose, according to the March 2019 Central Texas Housing Market report by the Austin Board of Realtors. 

Single-family home sales decreased by 4.6 percent over the year to 781 sales in March. The median price was up 3 percent to $375,000.

Sales dollar volume decreased 0.4 percent to nearly $372 million.

New listings decreased 10.4 percent to 1,038, active listings decreased 1.5 percent to 1,149, and pending sales slightly decreased by 1 percent.

The average number of days spent on the market dropped four days to 42.