Austin home sales in March were up, while prices dipped slightly compared to those for the same period in 2023, according to a new report from the Austin Board of Realtors.

In the Austin-Round Rock-Georgetown metropolitan statistical area, both pending sales were up 4.3 percent year-over-year, with 1,667 homes were sold last month, and closed sales increased by 3.8 percent, with 2,480 pending sales, for the same period.

Median home prices in the MSA continued to drop, a downward trend that's lasted more than a year, hitting $430,000 in January.

Inside Austin city limits, January saw 520 sold at a median price of $534,500. There were 788 pending sales, 979 new homes on the market, and a total 2,691 active listings last month.

Lauding the new "stability" of Austin home prices, the March Central Texas Housing Report released by the Austin Board of Realtors via something called Unlock MLS highlights the 10 percent year-over-year in new home listings in the Austin-Round Rock-Georgetown. The 4,714 new listings bring some parts of the area total to four months of inventory — giving buyers, in theory,  more choices —  but total sales and median price in the Austin metro remained relatively flat.

Austin Round-Rock-Georgetown MSA

  • 2,563 – Residential homes sold, 0.3% less than March 2023.
  • $450,000 – Median price for residential homes, flat to March 2023.
  • 4,714 – New home listings on the market, 10.2% more than March 2023.
  • 9,478 – Active home listings on the market, 7.6% more than March 2023.
  • 3,116 – Pending sales, 9.4% more than March 2023.
  • 3.8 – Months of inventory, 0.7 months more than March 2023.
  • $1,485,910,275 – Total dollar volume of homes sold, 2.1% more than March 2023.
  • 94.8% – Average close to list price, compared to 90.3% in March 2023.

In Austin proper, however, median home price and number of homes sold were both up around 3 percent over March 2023.

City of Austin

  • 900– Residential homes sold, 3.1% more than March 2023.
  • $564,995 – Median price for residential homes, 2.7% more than March 2023.
  • 1,812 – New home listings on the market, 4.9% more than March 2023.
  • 3,430 – Active home listings on the market, 16.1% more than March 2023.
  • 1,091 – Pending sales, 6.6% more than March 2023.
  • 4.0 – Months of inventory, 1.4 months more than March 2023.
  • $672,774,199 – Total dollar volume of homes sold, 6.7% more than March 2023.
  • 94.6% – Average close to list price, compared to 94.2% in March 2023.

County stats for the surrounding metro varied, although Bastrop County stood out with a whopping 10.6 percent increase in number of houses sold and a 2 percent median home price hear over year.

 Travis County

  • 1,190 – Residential homes sold, 1.4% more than March 2023.
  • $510,000 – Median price for residential homes, flat to March 2023.
  • 2,320 – New home listings on the market, 3.3% more than March 2023.
  • 4,695 – Active home listings on the market, 11.8% more than March 2023.
  • 1,433 – Pending sales, 6.5% more than March 2023.
  • 4.1 – Months of inventory, 1.3 months more than March 2023.
  • $828,335,704 – Total dollar volume of homes sold, 5.1% more than March 2023.
  • 94.5% – Average close to list price, compared to 94.6% in March 2023.

Williamson County

  • 869 – Residential homes sold, 6.9% less than March 2023.
  • $420,000 – Median price for residential homes, 1.6% less than March 2023.
  • 1,398 – New home listings on the market, 11.2% more than March 2023.
  • 2,593 – Active home listings on the market, 3.2% less than March 2023.
  • 1,100 – Pending sales, 11.8% more than March 2023.
  • 3.0 – Months of inventory, flat to March 2023.
  • $419,596,592 – Total dollar volume of homes sold, 7.8% less than March 2023.
  • 95.4% – Average close to list price, compared to 81.4% in March 2023.

 Hays County

  • 360 – Residential homes sold, 4.3% more than March 2023.
  • $388,005 – Median price for residential homes, 0.5% less than March 2023.
  • 689 – New home listings on the market, 23.0% more than March 2023.
  • 1,518 – Active home listings on the market, 11.8% more than March 2023.
  • 416 – Pending sales, 9.8% more than March 2023.
  • 4.3 – Months of inventory, 0.6 months more than March 2023.
  • $178,549,900 – Total dollar volume of homes sold, 6.3% more than March 2023.
  • 94.9% – Average close to list price, compared to 93.4% in March 2023.

 Bastrop County

  • 104 – Residential homes sold, 10.6% more than March 2023.
  • $374,949 – Median price for residential homes, 2.0% more than March 2023.
  • 231 – New home listings on the market, 40.0% more than March 2023.
  • 516 – Active home listings on the market, 7.5% more than March 2023.
  • 114 – Pending sales, 4.6% more than March 2023.
  • 4.9 – Months of inventory, 0.7 more than March 2023. and the highest inventory in the MSA.
  • $44,948,504 – Total dollar volume of homes sold, 25.0% more than March 2023.
  • 92.4% – Average close to list price, flat to March 2023.

 Caldwell County

  • 40 – Residential homes sold, 60.0% more than March 2023.
  • $304,938 – Median price for residential homes, 0.6% more than March 2023.
  • 76 – New home listings on the market, 55.1% more than March 2023.
  • 156 – Active home listings on the market, 71.4% more than March 2023.
  • 53 – Pending sales, 71.0% more than March 2023.
  • 4.6 – Months of inventory, 0.3 months less than March 2023.
  • $14,479,575 – Total dollar volume of homes sold, 73.6% more than March 2023.
  • 95.3% – Average close to list price, compared to 95.2% in March 2023.