May 2023 Market statistics

In May, home buyers and sellers saw more opportunity across the Austin-Round
Rock MSA according to the Austin Board of REALTORS® May 2023 Central Texas Housing Market
Report. Housing inventory grew 2.2 months to 3.4 months of inventory and active listings soared
118.9% to 8,960 active listings indicating buyers and sellers view the market as a more favorable
environment than in recent months.
In May, pending sales across the MSA slightly dipped 0.5%
to 3,243 pending sales, while homes spent an average of 65
days on the market, up 49 days from May 2022. The median
home price declined 15.0% to $467,500 while residential
home sales also decreased 4.2% year-over-year to 3,411
closed sales. At the same time, sales dollar volume dropped
14.8% to $2,068,145,860.