April home sales in the Austin area decreased for the second month in a row, according to a new report from the Austin Board of Realtors.
The April 2022 showed across a five-county area, home sales declined 6.2% year over year to 3,280 closed sales as the median price rose 19.6% to a new record of $550,000.
Active listings jumped 52.5% year over year to 2,763, causing housing inventory to increase by 0.3 months for a total of 0.8 months of inventory, marking the biggest gain in housing inventory year over year since the summer of 2017.
“We are far from a healthy number of homes for sale in our market, so any increase in housing stock, no matter how small, is a welcome sign for people looking to buy. Our area continues to really be influenced…
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