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The latest data from Unlock MLS shows signs that the housing market is ticking up in Central Texas, with higher year-over-year home sales and homes selling closer to their original listing price.
The details: Representing the Austin-Round Rock-San Marcos metropolitan statistical area, or MSA, the data released May 12 shows residential home sales increased 2% year over year in April for the MSA, reaching 2,648. That's the highest number of monthly home sales so far this year, up from a 0.5% year-over-year increase in March and decreases in both January and February.
“What stands out in April’s data is the shift in buyer psychology and overall market momentum," said Vaike O’Grady, market research advisor at Unlock MLS, in a news release. "Many buyers who had been delaying their home search took advantage of the temporary dip in mortgage rates we saw earlier this year and moved quickly once conditions became more manageable."
Increasing pending and closed sales point to a market where buyers are "stepping into the market with more urgency," O'Grady said.
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