Austin real estate news market data for July showed the housing market continued to trend toward more normal and sustainable levels in July, according to the Austin Board of REALTORS® July 2022 Central Texas Housing Market Report. Median price grew by only 8% year over year to $515,000, a record for the month of July but the first-time home price growth has been in the single digits since June 2020. The
region’s housing inventory reached 2.7 months — the highest level of inventory since November 2018.