Nov 2023 Austin Market Statistics

The median home price across the Austin Round-Rock MSA dropped 8.4% to $424,450
last month, indicating Austin’s housing supply is becoming available at lower price points, but
remains considerably elevated relative to pre-pandemic levels according to the Austin Board of
REALTORS® November 2023 Central Texas Housing Market Report. While mortgage rates remain
elevated, the Central Texas housing market experienced a slight increase in residential homes sold
across the MSA, rising 0.2% to 2,065 total sales.
In November, sales dollar volume dropped 5.7% year over year to $1,117,612,190 across the MSA. Homes spent an average of 75 days on the market, up 18 days from November 2022, while housing inventory increased 0.7 months to 3.7 months of inventory. New listings rose 11.6% year over year to 2,676 listings, active listings increased
7.2% year- over year to 9,334 listings and pending listings rose 9.2% year over year to 2,065 listings.

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