AUSTIN, Texas — Editor's note: The video above was published in November 2019.

In 2019, home sales in Round Rock and Austin increased more than 6% to nearly 37,000 single-family home sales, according to the 2019 Texas Real Estate Year in Review report by Texas Realtors. 

The median price for a home in the area increased to $315,000, which is more than 3% during the same time frame.

Texas Realtors said the Texas housing market also broke records in terms of the number of homes sold and the median price for the fifth year in a row.

"Home sales increased 4% to 357,238 home sales, while the median price increased 3.2% from the year prior to $240,000," Texas Realtors explained.

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Austin's new land development code to address 'housing crisis'

The Austin Board of Realtors (ABoR) told KVUE in 2019 that Austin is in a housing crisis because there are more buyers than ever, but fewer homes to buy.

"Sometimes when I'm showing homes and the price range is under $400K, I'm standing in line with other buyers to get into the house," said ABoR Director  Ashley Jackson. "Literally in line, waiting our turn to go inside and view the only house for sale in the neighborhood – yeah, that's a crisis."

To address housing availability and affordability, the City of Austin is updating its land development code for the first time in more than 30 years.

WATCH: Boomtown 2040: Austin realtors worried about housing crisis

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