Below is the Kuper Sotheby's International Realty market report for the Austin-Round Rock area for February 2023.
In January, median home prices dropped 6.3% to $450,000, the largest price drop since July 2011, according to the Austin Board of Realtors latest Central Texas Housing Report. Despite the price decrease, monthly housing inventory stayed flat at 2.7 month of inventory from December 2022, demonstrating that this market is still in need of more housing as the industry standard is that six months of available inventory is considered a balanced market between buyers and sellers.
See the full statistics below.
Have questions or want to know how this will effect the buying or selling of your property? If so, please don't hesitate to reach out to us. Give us a call or use the form below. We hope to hear from you soon!
AUSTIN MARKET REPORT - DECEMBER 2023
