The Austin Board of REALTORS® released April stats, and they’re record-breaking! This data is interesting because it compares now to a year ago when the pandemic and stay-at-home orders were first beginning. The median home price increased in the Austin-Round Rock metropolitan, Leander, and Cedar Park.
Austin-Round Rock Metropolitan
In April this year, home sales and median sales increased. Home sales increased almost 40% to 3,604 sales. The median sales price increased by 41.6% to an all-time high of $460,000.
Leander
In Leander, residential sales increased by 34.6% year over year, and the median price rose almost 75% to $502,000. April had 0.4 months of inventory, which was up by 0.2 months compared to March 2021. The average price per square foot also increased by 41.8% from the year before to $209.
Cedar Park
In Cedar Park, residential sales increased by almost 82% year over year. The median price increased by 49% to $520,000. Inventory went up by 0.3 compared to March 2021 for a total of 0.6 months of inventory in April. The average price per square foot also rose 43% from last year to $226.
Williamson County
In Williamson County alone, home sales increased by 35%. The sales dollar volume skyrocketed to $573.49 million, a 92% increase compared to April 2020! The median price rose by almost 50% to $430,000. Housing inventory in April of 2020 was 1.5. Inventor for April 2021 was 0.5 months.
As the data shows, real estate is recovering from the pandemic and even going beyond recovery! If you’re looking to buy or sell, contact us today! Contact Cummings Team® by clicking here or call or email: 512-619-3186 | cummingsteam@purerealty.com.