Austin area home sales were up in August, the first such year-over-year increase since February 2022, according to the Austin Board of Realtors' latest Central Texas Housing Report. Inventory in the Austin-Round Rock metropolitan statistical area also increased slightly, while median home prices dropped slightly, to $460,000 — a 7.6 percent decrease year-over-year from August 2022.

Closed sales rose to 2,939, a 1.4 percent year-over-year increase, and 8.8% month-over-month. Homes spent an average of 60 days on the market, 28 more days than they did during the same period last year. Inventory saw a year-over-year increase, rising from of 1 to 3.8 months' worth.

August sales dollar volume in the area fell 6 percent, to $1.7 billion. New listings increased slightly (0.3 percent to 4,084 listings); active listings were up 12 percent, to 9,955 listings, and pending listings rose 2 percent, to 2,686 listings.

ABoR's breakdown of stats for the city of Austin and counties in the area is below.

City of Austin

858 – Residential homes sold, 1.3% less than August 2022.

$541,000 – Median price for residential homes, 0.7% less than August 2022.

1,191 – New home listings on the market, 1.9% more than August 2022.

2,879 – Active home listings on the market, 22.8% more than August 2022.

759 – Pending sales, 5.8% less than August 2022.

3.9 – Months of inventory, 1.5 months more than August 2022.

$594,479,723 – Total dollar volume of homes sold, 3.4% less than August 2022.

Travis County

1,355 – Residential homes sold, 1.6% less than August 2022.

$534,500 – Median price for residential homes, 4.8% less than August 2022.

1,921 – New home listings on the market, 2.4% more than August 2022.

4,772 – Active home listings on the market, 17.7% more than August 2022.

1,205 – Pending sales, 4.1% less than August 2022.

4.1 – Months of inventory, 1.4 months more than August 2022.

$941,065,528 – Total dollar volume of homes sold, 7.5% less than August 2022.

Williamson County

971 – Residential homes sold, 1.7% more than August 2022.

$435,516 – Median price for residential homes, 8.7% less than August 2022.

1,241 – New home listings on the market, 14.7% less than August 2022.

2,867 – Active home listings on the market, 7.9% less than August 2022.

906 – Pending sales, 5.7% more than August 2022.

3.2 – Months of inventory, 0.3 months more than August 2022.

$494,684,214 – Total dollar volume of homes sold, 4.6% less than August 2022.

Hays County

417 – Residential homes sold, 5.3% more than August 2022.

$394,990 – Median price for residential homes, 10.1% less than August 2022.

586 – New home listings on the market, 22.3% more than August 2022.

1,550 – Active home listings on the market, 33.9% more than August 2022.

384 – Pending sales, 8.2% more than August 2022.

4.2 – Months of inventory, 1.1 months more than August 2022.

$204,932,717 – Total dollar volume of homes sold, 6.0% less than August 2022.

Bastrop County

154 – Residential homes sold, 29.4% more than August 2022.

$339,990 – Median price for residential homes, 15.0% less than August 2022.

244 – New home listings on the market, 18.5% more than August 2022.

586 – Active home listings on the market, 28.0% more than August 2022.

146 – Pending sales, 19.7% more than August 2022.

4.8 – Months of inventory, 1.2 months more than August 2022 and the highest inventory in the MSA.

$58,611,157 – Total dollar volume of homes sold, 15.4% more than August 2022.

Caldwell County

42 – Residential homes sold, 17.7% less than August 2022.

$299,990 – Median price for residential homes, 6.9% less than August 2022.

92 – New home listings on the market, 61.4% more than August 2022.

180 – Active home listings on the market, 95.7% more than August 2022.

45 – Pending sales, 4.7% more than August 2022.

4.4 – Months of inventory, 2.2 months more than August 2022.

$13,170,575 – Total dollar volume of homes sold, 31.2% less than August 2022.