The Austin-area housing market is showing signs of resilience heading into summer, but economic uncertainty is affecting confidence and sidelining some prospective buyers.
The latest monthly report from the Austin Board of Realtors shows the number of newly listed homes for sale in the Austin-Round Rock-San Marcos metro area jumped 8.9% in May to 5,716, pushing inventory to a supply of five months. That’s a month more than the same time a year ago. The total number of listings — all homes on the market across the metro from Georgetown to San Marcos — soared 17.4%, pushing the total to 14,670.
As more houses hit the market, sales declined 3.8% to 3,021 and the median sales price edged down 1.6% to $449,900. The median means half the homes sold for more than that amount and half for less…