Closed home sales in the Austin Texas real estate market, spanning the Austin-Round Rock-San Marcos MSA, saw a 4.6% increase, year-over-year reaching a total of 2,130 sold properties. The uptick indicates a positive sign for buyers and sellers as the market continues to stabilize, according to the latest Central Texas Housing Report.  September’s lower mortgage rates and consistent sales activity earlier in the fall are cited reasons for the noted growth.  Continue reading →

Austin Texas real estate active homes for sale across the Austin-Round Rock-Georgetown MSA increased 9.3% to 11,599 listings.  That brought the months of available inventory to 5.1 months of inventory, up 0.5 months more compared to October 2023, according to the latest Central Texas Housing Report.  The data coupled with the average close-to-list price ratio hovering at 92.7% indicates that buyers have more options to purchase a home they can afford in a high interest-rate environment while sellers still have some room to negotiate.  Continue reading →

Austin Texas real estate sold homes across the Austin-Round Rock-Georgetown MSA decreased 2.6% year-over-year with 2,286 sales.  That left 5.9 months of available inventory, according to the latest Central Texas Housing Report.  Active listings increased 11.6% year-over-year. The median home price dropped by 6.6% to $425,000 indicating the region’s housing market is becoming more balanced, while still facing affordability challenges.  Continue reading →