We have been so blessed with rain at the ranch, I am getting behind on mowing at the house. But, when my brother gave me the keys to his brand new John Deere tractor, I found a little window in the weather to shred one of our pastures. Man, I forgot how fun shredding is!

In April, closed listings across the Austin-Round Rock-Georgetown MSA increased 5.9% to 2,708 sales, the highest year-over-year increase in residential homes sold this year, while the median home price rose 1.1% to $469,998. The data demonstrates that there is a collective sense of confidence and optimism in the housing market among both homebuyers and sellers according to the latest Central Texas Housing Report released by Unlock MLS.

From our perspective the MLS is correct in its positive assumption, but rates rule this game and most buyers and sellers are watching from the sideline. Homes are selling because some buyers need to get in a home now, and some don't need a mortgage.

Inventory is increasing, there are now plenty of options to choose from in most price points, but a lot of buyers are counting on capitalizing on the affordability lower rates will bring. And most potential sellers will become buyers, which becomes a double edged sword.

We are watching for signs in the real estate market, and recent economic indicators are beginning to point towards cooling in consumer confidence and the jobs market. The Fed hopes this will decrease rampant consumer spending and slow inflation, so they could potentially lower the bank rate which should help mortgage rates.

Regardless, pent up demand remains strong from the sidelines, and buyers and sellers are slowly beginning to jump in.

In all of our decades in real estate sales, we have never seen such complex buy / sell / or wait scenarios, but can assure you of a thorough analysis and honest answer when you contact us.

Austin Round-Rock-Georgetown MSA

• 2,708 – Residential homes sold, 5.9% more than April 2023.
• $469,998 – Median price for residential homes, 1.1% more than April 2023.
• 5,131 – New home listings on the market, 26.1% more than April 2023.
• 10,808 – Active home listings on the market, 31.9% more than April 2023.
• 3,161 – Pending sales, 2.5% more than April 2023.
• 4.3 – Months of inventory, 1.2 months more than April 2023.
• $1,645,030,091 – Total dollar volume of homes sold, 8.9% more than April 2023.
• 95.6% – Average close to list price, compared to 93.8% in April 2023.



City of Austin

• 992 – Residential homes sold, 33.2% more than April 2023.
• $593,500 – Median price for residential homes, 6.0% more than April 2023.
• 2,046 – New home listings on the market, 51.8% more than April 2023.
• 4,113 – Active home listings on the market, 75.3% more than April 2023.
• 1,091 – Pending sales, 18.7% more than April 2023.
• 5.4 – Months of inventory, 2.3 months more than April 2023.
• $791,918,959 – Total dollar volume of homes sold, 45.9% more than April 2023.
• 95.3% – Average close to list price, compared to 95.4% in April 2023.

Travis County

• 1,260 – Residential homes sold, 8.8% more than April 2023.
• $540,185 – Median price for residential homes, 1.9% more than April 2023.
• 2,585 – New home listings on the market, 27.3% more than April 2023.
• 5,507 – Active home listings on the market, 39.6% more than April 2023.
• 1,421 – Pending sales, 1.9% less than April 2023.
• 4.8 – Months of inventory, 1.5 months more than April 2023.
• $943,951,335 – Total dollar volume of homes sold, 14.1% more than April 2023.
• 95.1% – Average close to list price, compared to 94.6% in April 2023.

Williamson County

• 939 – Residential homes sold, 4.9% more than April 2023.
• $435,000 – Median price for residential homes, 2.5% less than April 2023.
• 1,518 – New home listings on the market, 23.0% more than April 2023.
• 2,936 – Active home listings on the market, 26.3% more than April 2023.
• 1,036 – Pending sales, 0.5% more than April 2023.
• 3.4 – Months of inventory, 0.8 months more than April 2023.
• $458,816,371 – Total dollar volume of homes sold, 2.5% more than April 2023.
• 96.4% – Average close to list price, compared to 93.2% in April 2023.

Hays County

• 348 – Residential homes sold, 0.9% more than April 2023.
• $408,169 – Median price for residential homes, 1.6% less than April 2023.
• 740 – New home listings on the market, 47.1% more than April 2023.
• 1,662 – Active home listings on the market, 29.3% more than April 2023.
• 500 – Pending sales, 22.2% more than April 2023.
• 4.5 – Months of inventory, 1.0 months more than April 2023.
• $181,672,755 – Total dollar volume of homes sold, 4.3% more than April 2023.
• 95.3% – Average close to list price, compared to 93.2% in April 2023.

Bastrop County

• 118 – Residential homes sold, 0.9% more than April 2023.
• $352,000 – Median price for residential homes, 7.4% less than April 2023.
• 225 – New home listings on the market, 4.2% more than April 2023.
• 558 – Active home listings on the market, 10.5% more than April 2023.
• 132 – Pending sales, 11.4% less than April 2023.
• 4.8 – Months of inventory, 0.7 more than April 2023
• $47,218,891 – Total dollar volume of homes sold, 0.7% less than April 2023.
• 94.4% – Average close to list price, compared to 93.0% in April 2023.

 Caldwell County

• 43 – Residential homes sold, 4.9% more than April 2023.
• $293,990 – Median price for residential homes, 1.0% less than April 2023.
• 63 – New home listings on the market, 26.7% less than April 2023.
• 146 – Active home listings on the market, 9.0% more than April 2023.
• 72 – Pending sales, 50.0% more than April 2023.
• 3.5 – Months of inventory, 0.3 months more than April 2023.
• $13,370,739 – Total dollar volume of homes sold, 4.5% less than April 2023.
• 98.6% – Average close to list price, compared to 95.2% in April 2023.

Burnet County

• 88 – Residential homes sold, 63% more than April 2023
• $407,990 – Median price for residential homes, 11.8% less YOY
• 622 – Active home listings on the market, 60.3% more than April 2023
• 9.6 – Months of Inventory, 4.0 months more than April 2023
• 106 – Days on Market, 18 days more than March 2023
• Price Distribution: Most, 24.1% sold between $300,000-$399,000 YOY
• Average close to list price, 91.5%

Recently sold in Cimarron Hills, Georgetown. We represented the buyer on the purchase of this beautiful executive style home with picturesque views in the neighborhood and unobstructed views of hole #10 of the Jack Nicklaus Signature Golf Course. The front features a private gated courtyard and there are multi back porch covered and open patios to enjoy the incredible scenery. There is a gourmet kitchen, large dining and breakfast nooks, two living areas with see through fireplace to both rooms and a separate office. The owner's suite features custom closet, beamed and tray ceilings, solid Alder doors and more. The ornate and custom finish out are found throughout the home with 4 bedrooms and 3.5 baths. There is also an inground spool which is a large spa and fountain off one of the back porches. The buyers will enjoy all the amenities and golf course in this exquisite neighborhood. Pictures courtesy of JP Morales Marketing.

Beautiful Home in Gabriel's Overlook with Backyard Oasis!

Welcome to a stunning home with a complete private backyard outdoor resort experience on a large corner lot in Gabriel's Overlook.

Exterior design elements utilizing stucco and stone accentuate the theme of the improvements. Enter the living area to view a dramatic stone fireplace, stained concrete flooring, and view of the back yard retreat. The highly functional gourmet kitchen acts as a central hub connection of the living spaces. Enjoy a formal dining room, the more casual breakfast nook or the bar seats at the center island for a variety of indoor dining experiences. The large owner's suite features an exquisite bath area with Bella tub and a walk through shower, and the secondary bedrooms are spacious.

Interior features also include customized California Closets in the kitchen pantry and owner's suite. Pet shower stall in laundry room, granite countertops, intricate tile and stone work. The 3 car side entry garage is perfect for your vehicles and a project.

The complete private backyard outdoor resort experience features a large heated in ground pool with hot tub, sun deck with fantastic waterfall and fire features. Several seating areas include the spacious covered pavilion with fireplace and grill, separate covered porch, open patio and quarter moon stone bench with dining area. Exterior features include complete privacy fencing, irrigation system, an underground propane tank and a storage building in the far back yard. Gabriel's Overlook is a gated community developed on classic rolling Texas Hill Country bordering the South San Gabriel River to include a HOA park with river access. The location between Leander, Liberty Hill and Georgetown provides easy access to main commuting, shopping, dining and entertainment.

View the tour at www.100OakPlaza.Info Listed at $798,000.

The Perfect Place to Build Your Lake House On Lake LBJ.

Property Information at: www.Lot3-940EuelMoore.Info

Recently Listed for Sale - Lot 3-940 Euel Moore, Kingsland, Texas 78639 -- This is a rare waterfront lot in Kingsland on gorgeous LBJ, a constant level lake. Kingsland has an HEB, many restaurants and is where the Llano and Colorado Rivers converge, providing spectacular natural scenery as well as big water all the way down to Horseshoe Bay and Wirtz Dam. Head up the Llano towards The Slab for sandy beaches and granite rock outcroppings, explore the Colorado and its' summer camp vibe or find a cove or join the party at a sand island. Dock for food and beverages at Wakepoint LBJ or Boat Town Burger Bar from your future lake house. Big features include 4 completed boat slips with 4 locking storage units and power, creating the perfect place, architectural designs and building plans for a 2400 sq. ft. home. HOA fees are for driveway and channel maintenance. The canal was recently dredged and the lot is approximately 100 yards to open water. Not Builder Restricted. - Listed at $399,000.

We have been in the real estate business for over 35 years each and still honored every time we receive a personal referral, or a testimonial like this one. Carol has also become a good friend.

"I have used Pfau & Company to purchase and sell three different homes, and each time I have been so pleased.

We have been in the real estate business for over 35 years each and still honored every time we receive a personal referral, or a testimonial like this one. Carol has also become a good friend.

"I have used Pfau & Company to purchase and sell three different homes, and each time I have been so pleased. Their team takes all the worry and work out of real estate. I have made money off of my sales each time. I would not choose anyone else to list my home or find the next. They are professional, honest and helpful." - Carol R.

Please remember if you have any questions about purchasing or selling real estate either now or in the future, call us to discuss your plans and we can help you with your plan.

Jon & C. J. Pfau

If anyone you know might need help with buying or selling or just want to get monthly information for real estate, our link to our newsletter is below. Send it to friends and family. We won't bother anyone but we will give them monthly updates on the market for their own knowledge.

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Jon: 512-635-0232

C.J.: 512-415-0583

Email: Pfaucorealtors@aol.com