July 2023 Market Statistics

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 Austin-
Round 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.

In July across the Austin-Round Rock MSA, sales dollar volume dropped 7.2% to $1,668,708,916, while homes spent
an average of 59 days on the market, up 37 days from July 2022. The median price also dropped 10.3% to $462,000
and new listings fell 23.7% to 3,884 listings. Active listings increased 12.8% to 9,663 active listings while housing
inventory increased 1.0 months to 3.7 months of inventory.