June 2023 Market Statistics
During the first six months of 2023, the Austin-Round Rock MSA housing market
remained robust and continued to normalize despite macroeconomic factors impacting the
housing market and economy, according to the Austin Board of REALTORS® Central Texas
Housing Market Report.
Last month across the MSA, residential home sales declined 8.5% year over year to 3,147 closed sales while
the median price also dropped 9.6% to $483,000 for the month of June. Sales dollar volume fell 15.6% to
$1,921,766,942 and new listings declined 23.6% to 4,638 listings.
The number of homes on the market jumped 38.4% to 9,631 active listings, causing housing
inventory to skyrocket to 3.7 months of inventory, up 1.6 months from last June. Pending sales
increased 19.1% to 3,110 transactions and homes spent an average of 61 days on the market, 43 more
days than June 2022.