Austin Housing Update - March '23
housing inventory increases
Inventory increased 2.6% in February while the medium home price fell 12.2% to $436,419 and residential sales dropped 17.2% year over year.
Homes spent an average of 84 days on market in february
incentives & assistance
Ashley Jackson, ABOR President says . . .
“Incentives, down payment assistance programs — anything that increases housing accessibility— are very important right now,” added Jackson. “Many buyers remain priced out of the market, especially in Austin proper. There is still plenty of work to do to address systemic issues in affordability, accessibility, and missing middle construction, and those should remain our community’s number one concern.”
Median Sales Price
Months of Supply
AVG Days on Market