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latest housing report

“In 2023 the AustinRound Rock MSA housing market continued its move towards a more sustainable pace." -KENT REDDING 2024 ABoR & Unlock MLS President


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Austin Market Update

Paige DeChausse

Paige DeChausse is a dynamic force in both the music and real estate industries, bringing her expertise and passion to each endeavor...

Paige DeChausse is a dynamic force in both the music and real estate industries, bringing her expertise and passion to each endeavor...

Feb 6 2 minutes read

If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the Austin market.

The Austin-Round Rock MSA housing market continued its move towards a more sustainable pace,” Kent Redding, 2024 ABoR president, said. “Housing inventory reached the highest level it's been in more than eight years, and while there was a drop in closed sales and median close price, these were both symptomatic of higher mortgage rates. In the current housing market, prospective homebuyers and sellers should engage the services of an expert REALTOR® who can help navigate the real estate transaction process.

$1.27 Billion total sales

Total Sales Dollar Volume, Down 8%

1,956

New Listings

7,717

Active Listings

2,082

Pending

2,295

Closed Sales

Housing is the most crucial infrastructure within a community. Our housing market is still demand driven and the anomalies over the past three years were unsustainable. We still have a desirable and sought-after market, but our community, city and elected officials must prioritize tackling the housing accessibility challenges. ABoR will continue to advocate for making homeownership attainable to more Austinites and looks forward to continuing to participate as a stakeholder in important policy discussions and providing recommendations to make the greatest impact on our housing supply." - kent Redding

 

$553,734

AVG Sales Price

84

Days on Market

$256

 Price Per Sqft

3

Months of Supply


Homes Sold

91.5%

Sale-to-List Price


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