Austin-area housing inventory inches up while prices skyrocket

[Neil Narayan]

April 2020 was the first full month of the pandemic, so the 37% increase in closed sales last month is a tell-tale sign that metro Austin’s housing market will continue to be hot for the foreseeable future.

The median home sales price for metro Austin was a record-high $460,000 in April, a 42% year-over-year increase and $35,000 jump from March.

Total sales volume for the metro was $2.07 billion in April, a 96% year-over-year increase. That eclipsed the record-breaking figure of $1.99 billion set in March 2021.

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