Feb 23 Austin Market statistics

In February, home buyers continued to gain leverage across the Austin-Round Rock
MSA as housing inventory increased to 2.6 months according to the Austin Board of REALTORS® latest
Central Texas Housing Report. This increase in supply fuels growing confidence in the market from
REALTORS® and home builders across Central Texas.
Last month, monthly housing inventory increased from 2.3 months to 2.6 months of inventory, and homes spent an average of 84 days on the market, up 55 days from February 2022 across the MSA. The median home price fell 12.2% to $436,419 while residential home sales also declined 17.2% year-over-year to 2,106 closed sales and sales dollar volume declined 26.5% to $1,129,639,482. New listings dipped 0.9% year over year to 2,764 listings while pending sales dropped 9.5% to 2,465 transactions.