August 2023 market stats

In the Austin-Round Rock MSA, closed sales rose by 1.4% to 2,939 sales, the
first increase in closed sales year-over-year since February 2022, according to Austin Board of
REALTORS® August 2023 Central Texas Housing Market Report. Through the Austin-Round Rock
MSA, the region also 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.
In August, sales dollar volume fell 6.0% to $1,713,589,878, while homes spent an average of 60 days on the market, up
28 days from August 2022 across the Austin-Round Rock MSA. The median price slightly dropped 7.6% to $460,000
while new listings ticked up 0.3% to 4,084 listings, active  listings jumped 12.2% to 9,955 listings and pending listings
rose slightly 2.0% to 2,686 listings.