Sept 2023 Market statistics

In the Austin-Round Rock MSA, housing inventory reached 4.0 months of inventory,
the highest level in more than eight years, according to the Austin Board of REALTORS® September
2023 Central Texas Housing Market Report. The market also experienced a drop in closed sales, which
decreased by 18.2% year over year to 2,387 sales, and the median close price dipped 4.3% year over
year to $452,080, both symptomatic of higher mortgage rates and highlighting the need for sellers to
connect with and rely on REALTORSⓇ.

In September, sales dollar volume fell 19.8% year over year
to $1,390,205,344, while homes spent an average of 65 days
on the market, up 24 days from September 2022 across the
Austin-Round Rock MSA. New listings decreased 7.0% year
over year to 3,644 listings, active listings jumped 7.8% year
over year to 10,235 listings and pending listings rose 7.7%
year over year to 2,320 listings. 

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