Austin real estate news market data for August showed the housing market continued to slow on price growth while still setting a record, according to the Austin Board of REALTORS® August 2022 Central Texas Housing Market Report. Median price grew by only 5.5% year over year to $496,039, a record for the month for the Austin Round Rock MSA but the first-time home price growth dipped below 6% since June 2020. The
region’s housing inventory reached 2.9 months — the highest level of inventory since September 2018.
I just sold this Northwest Austin beauty in Overlook at Cat Mountain. After 5 months of searching, It’s the first home my clients actually made an offer on and we were fortunate to be chosen within multiple offers. It was truly a find as my clients really didn’t want a pool and all we were finding were homes that had them. For my clients, finding the ideal location was a bit of a challenge as the commuting distance was an important factor. 