CENTRAL TEXAS HOUSING MARKET REPORT | December 2019
EXECUTIVE SUMMARY | December 2019
While Austin continued to rank high on “Best of U.S.” lists, Central Texas REALTORS® sold more homes in 2019 than
any year on record—33,084 home sales and $13,158,737,333 in sales volume.
“Austin’s unprecedented population growth during the past decade has heavily impacted the real estate market.
Compared to 2010, home sales in 2019 increased by 84%,” Romeo Manzanilla, 2020 ABoR president said. “That type of
exponential growth has put enormous pressure on the market, raising the median home price from $193,520 in 2010 to
$318,000 in 2019. As we look forward to this year, the market is not showing signs of slowing down anytime soon.”
In the Austin-Round Rock MSA—now the 30th largest U.S. metropolitan area—the median price for single-family
homes increased by 2.6% to $318,000 in 2019. During the same period, sales increased by 7.2% to 33,084 sales. New
listings for the five-county MSA increased year over year by 1.4% to 39,309 listings in 2019. Active listings decreased
4.3% to 6,216 listings, but pending sales increased 10.5% to 33,976 pending sales.
In December 2019, sales volume in the Greater Austin area increased by 9.2% to 2,608 sales, while inventory decreased
by 0.5 months to 1.7 months of inventory. Growing demand pushed the median price of a single-family home to
$323,000, a 7.1% increase from December 2018.
“If we don’t take action to increase housing supply in Austin, we will continue to see exponential increases in home
values,” Manzanilla said. “ABoR continues to advocate for an updated land development code in Austin for exactly this
reason—so that folks who want to purchase a home in the area can afford to do so.”