Austin Housing Report
Home price in single digits since 2020
The market is normalizing. Inventory skyrocketed 167% and and the average close to list price for residential homes was 98.8% - a dramatic shift from the 104% for the better part of the beginning of 2022.
Homes spent an average of 22 days on the market and pending sales declined 25.9%.
Median price gained only 8% year over year - first time we've seen a single digit since June 2020.
Active Listings skyrocketed 167%
Median Sales Price
Months of Supply
Average Days on Market
Average Price per Square Foot
“The Austin real estate market’s inventory and mortgage interest rates have returned to pre-pandemic levels in recent months. It’s not the intense sellers’ market it was a few months ago and sellers should reset their expectations. For the first time in a long time, buyers have more flexibility and leverage in the transaction.”
Austin Mortgage Lending Company HomeTown Texas
Surrounding Counties Median Home Price