Oct 2023 Market Statistics

The median home price across the Austin-Round Rock MSA dropped 7.5% to $435,000 in October, according to the Austin Board of REALTORS® October 2023 Central Texas Housing Market Report. The market experienced an increase in residential homes sold across the MSA, which rose 4.1% to 2,337 total sales demonstrating that buyers are finding value in the market despite higher
interest rates.
In October, sales dollar volume ticked down 1.5% year over year to $1,307,192,441 across the MSA. Homes spent an
average of 68 days on the market, up 21 days from October 2022 and housing inventory increased 0.7 months to 3.2
months of inventory. New listings dipped 0.8% to 3,202 listings, active listings increased 5.2% year over year to 9,942
listings and pending listings rose 12.0% year over year to 2,257 listings.