Austin real estate market news for November 2023 is here. The Central Texas housing data shows that the Austin Round Rock MSA experienced an increase in residential homes sold rising 4.1% year-over-year to 2,337 total sales demonstrating that buyers are finding value in the market despite higher interest rates. October median sales prices dipped 7.5% and spent an average of 21 more days on the market year over year.

According to the Austin Board of REALTORS® October 2023 Central Texas Housing Market Report, the Austin-Round Rock MSA, experienced a decrease month-over-month in closed sales by about 50 units. Housing inventory is the best it has been in years and buyers are showing up.  Pending sales month-over-month are also down by about 50 units but seasonally comparing year over year, October was up by 12%.

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Austin real estate market news for October 2023 is here. The Central Texas housing data shows that the Austin Round Rock MSA reached 4.0 months of inventory, the highest level in more than eight years. There was a drop in closed sales along with median prices indicating affordability and higher interest rates are tempering the market. September median sales prices were down 4.3% and spent an average of 24 more days on the market year over year.  

According to the Austin Board of REALTORS® September 2023 Central Texas Housing Market Report, the Austin-Round Rock MSA, experienced a decrease month-over-month in closed sales, indicating the market has cooled a bit. Housing inventory is the best it has been in years.  Cash buyers or those who can work with the financing options available, have a bit of a selection right now.  Those choices are creating a more competitive market for sellers  as home sales slow. 

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Austin real estate news for September 2023 is here. The Central Texas housing market shows that overall, the Austin Round Rock MSA is finding its footing. The number of closed sales and pending sales is continuing to increase year-over-year. August median sales prices while down compared to last year, were fairly consistent with July. Interest rates are still volatile, which continues to temper home prices.

According to the Austin Board of REALTORS® August 2023 Central Texas Housing Market Report, the Austin-Round Rock MSA, experienced an 8.8% month-over-month increase in closed sales, a healthy indication of buyer confidence in the market. Housing inventory also continues to show gradual progress with a year-over-year increase of 1.0 month to 3.8 months of inventory.  The Austin housing market continues to show signs of resilience.

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Austin real estate news August 2023 is here. The Central Texas housing market shows that overall, the Austin Round Rock MSA is showing signs of recovery. The number of closed sales and pending sales are increasing year-over-year, and the median sales price is stabilizing. However, interest rates are still volatile, which could put some downward pressure on prices in the coming months.

According to the Austin Board of REALTORS® July 2023 Central Texas Housing Market Report, closed listings increased 0.6% year-over-year to 2,815 closed sales across the AustinRound Rock MSA. When considering July 2022 is when the market initially began to stabilize, and when combined with pending sales rising 14.5% to 2,892 pending sales, the housing market is poised for a strong finish to 2023.

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Austin real estate news from Doreen for July is here. If there is ever a month when we are living in a Barbie world, it’s June. Between the graduation parties, backyard barbeques, proms, vacations, planning for vacations, and summer camps starting – there’s an event around every corner. Homes for sale in Austin and beyond often take a dip for a few weeks this time of year with all of the social events.

June’s residential home sales declined 8.5% year over year to 3,147 closed sales while the median price also dropped 9.6% to $483,000 for the month of June, according to the Austin Board of REALTORS® latest Central Texas Housing Report. The Austin Round Rock MSA housing inventory reached 3.7 months. Despite increased inventory across the region, long-term solutions to address affordability and housing availability are still needed.

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Austin real estate news from Doreen for June is here. In May, median home prices dropped 15% to $467,500, year over year,  according to the Austin Board of REALTORS® latest Central Texas Housing Report. The Austin Round Rock MSA housing inventory reached 3.4 months. The Central Texas market as a whole appears to have stabilized a bit for now.  Mortgage rates are still a bit of a wild card right now.  While it is still a sellers’ market, buyers are comparison shopping, sellers are negotiating and builders are still offering incentives.

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