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A brewing slowdown?  Austin home prices slow, while prices continue to rise

Austin's median home price reached another record as housing sales took another dip in April 2022. (Realty Austin/Facebook)

Austin's home sales were on the decline for the second month in a row as the metro's median home price reached an all-time record of $550,000 in April, according to the Austin Board of Realtors' April report.


While home sales were down 6.2% year-over-year, the five-county metro still saw the second-highest number of sales on record.

Austin was its year-over-year median home price raise 19%, while sales were down 6% in April 2022. (Austin Board of Realtors)

Here's a look at the numbers behind the month's housing report:

  • The metro saw 3,280 home sales, 216 short of a record-breaking April 2021
  • The median home price grew 19.6% year-over-year to $550,0000
  • Active listings jumped 52.5%, causing inventory to rise from 0.3 months to 0.8 months
  • The city of Austin has a new all-time median home price record of $640,000
While ABoR president Cord Shiflet said the metro has "far from a healthy number of homes for sale," Austin did see the biggest gain in housing inventory year-over-year since 2017 as the market continues to slowly cool from its pandemic peak.

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