Nov 22 Austin Market stats

For the first time since February 2019, median home prices in the Austin-Round Rock
MSA experienced a 0% year-over-year increase, according to the Austin Board of REALTORS® November
2022 Central Texas Housing Market Report. As housing inventory and days on the market continue to
steadily increase across the MSA, the report indicates normal market activity could be here to stay, as
Austin’s housing market maintains its trajectory toward balance and sustainability. For the first time
since the spring of 2020, there were no records broken for home sales or median price in either the MSA
or the City of Austin.
Sales dollar volume fell by 36.8% to $1,175,435,108 as new listings declined 17.8% to 2,406 listings across
the MSA. Pending listings dropped by 38.3% to 1,987 listings and available inventory increased by 2.3
months to 3.1 months of inventory. Homes spent an average of 58 days on market, up 36 days from November 2021.