2024 Central Texas housing market performance lays foundation for a balanced year ahead In 2024, closed sales across the Austin-Round Rock-San Marcos MSA remained stable, ticking down 0.5% to 29,872 sales, according to the December 2024 and Year-End Central Texas Housing Market Report released by Unlock MLS today. During the same period, active listings saw an increase of 14.7% to 132,993 listings offering buyers more opportunities. Together, the data reflects buyers’ ability to find homes that meet their needs within the current market conditions and sellers viewing the market as favorable. Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, predicts that the coming year will mirror 2024’s conditions offering consistency for homebuyers and sellers. “2025 market activity will likely look similar to trends observed in 2024 with the median sales price and closed sales hovering between a range of 5% up or down year-over-year. This stability will give homebuyers and sellers clear expectations to plan their next steps with greater confidence. Additionally, mortgage rates will likely hover between 6 and 7%, as the Federal Reserve adopts a cautious approach to potential rate cuts. This consistency will allow both buyers and sellers to benefit from a predictable lending environment. However, external factors, such as economic shifts or policy changes, could influence these trends, underscoring the importance of staying informed and adaptable to navigate the market successfully.” Knapp added that while 2024 was a better year for first time homebuyers due to the increase in supply, there is still much work to be done to tackle the region’s affordability issues. Brandy Wuensch, 2025 Unlock MLS and ABoR president, emphasized the advantages buyers and sellers have in the new year. “There are unique opportunities for both buyers and sellers this new year. For buyers, the MSA has the highest inventory levels seen in over a decade, offering more choices and greater leverage in negotiations. Sellers, meanwhile, can capitalize on significant equity gains accrued over the past few years. We are finally seeing predictability in our market, making this an ideal time to pursue homeownership goals with the guidance of a licensed professional agent.” Wuensch also said that the Austin Board of REALTORS® looks forward to the continued collaboration with the City of Austin to address the region’s affordability issues this year. "While the increase of supply across the MSA helped ease affordability constraints, it does not solve long-term affordability challenges. In 2024, the Austin City Council took bold steps to address Austin’s affordability crisis to make housing more attainable to Austinites especially teachers, first responders, young professionals and retirees by revising outdated land development codes. We are proud to have played a part in driving this progress forward. As we look to the future, we are eager to continue collaborating with Council on additional reforms to address the affordability challenges in our region to ensure we are building a more affordable and attainable Austin for everyone.”   Austin-Round Rock-San Marcos MSA 2024 29,872 – Residential homes sold, 0.5% less than 2023. $445,000 – Median price for residential homes, 1.7% less than 2023. 45,449 – New home listings on the market, 8.7% more than 2023. 132,993 – Active home listings on the market, 14.7% more than 2023. 30,369 – Pending sales, 2.2% more than 2023. $17,094,934,330 – Total dollar volume of homes sold, 1.5% less than 2023. December 2024 2,303 – Residential homes sold, 2.5% more than December 2023. $450,000 – Median price for residential homes, 1.4% more than December 2023. 2,070 – New home listings on the market, 9.5% more than December 2023. 8,494 – Active home listings on the market, 10.1% more than December 2023. 2,011 – Pending sales, 3.1% more than December 2023. 3.8 – Months of inventory, 0.8 months more than December 2023. $1,332,504,135 – Total dollar volume of homes sold, 7.0% more than December 2023. 92.2% – Average close to list price, compared to 91.6% in December 2023. Travis County 2024 13,203 – Residential homes sold, 3.2% less than 2023. $515,000 – Median price for residential homes, 0.4% less than 2023. 21,741 – New home listings on the market, 4.5% more than 2023. 65,636 – Active home listings on the market, 17.1% more than 2023. 13,393 – Pending sales, 0.8% less than 2023. $9,172,819,720 – Total dollar volume of homes sold, 2.9% less than 2023. December 2024 1,011 – Residential homes sold, 11.3% more than December 2023. $512,500 – Median price for residential homes, 2.5% more than December 2023. 860 – New home listings on the market, 1.7% less than December 2023. 3,893 – Active home listings on the market, 8.7% more than December 2023. 825 – Pending sales, 1.1% less than December 2023. 4.0 – Months of inventory, 0.9 months more than December 2023. $705,912,552 – Total dollar volume of homes sold, 15.2% more than December 2023. 92.2% – Average close to list price, compared to 90.9% in December 2023. Williamson County 2024 10,360 – Residential homes sold, 2.0% less than 2023. $429,000 – Median price for residential homes, 1.4% less than 2023. 14,110 – New home listings on the market, 9.2% more than 2023. 38,015 – Active home listings on the market, 9.9% more than 2023. 10,545 – Pending sales, 0.8% more than 2023. $5,031,902,867 – Total dollar volume of homes sold, 3.4% less than 2023. December 2024 806 – Residential homes sold, 8.2% less than December 2023. $425,000 – Median price for residential homes, 2.2% less than December 2023. 693 – New home listings on the market, 18.3% more than December 2023. 2,550 – Active home listings on the market, 18.3% more than December 2023. 709 – Pending sales, 0.3% more than December 2023. 3.2 – Months of inventory, 0.7 months more than December 2023. $388,997,982 – Total dollar volume of homes sold, 7.9% less than December 2023. 92.3% – Average close to list price, compared to 92.2% in December 2023. Hays County 2024 4,526 – Residential homes sold, 7.3% more than 2023. $380,000 – Median price for residential homes, 4.8% less than 2023. 6,772 – New home listings on the market, 19.1% more than 2023. 20,330 – Active home listings on the market, 14.4% more than 2023. 4,622 – Pending sales, 10.8% more than 2023. $2,200,405,726 – Total dollar volume of homes sold, 6.3% more than 2023. December 2024 356 – Residential homes sold, 7.4% more than December 2023. $399,990 – Median price for residential homes, flat compared to December 2023. 356 – New home listings on the market, 13.4% more than December 2023. 1,366 – Active home listings on the market, 4.2% more than December 2023. 351 – Pending sales, 19.0% more than December 2023. 3.9 – Months of inventory, 0.3 months more than December 2023. $183,539,494 – Total dollar volume of homes sold, 14.6% more than December 2023. 91.4% – Average close to list price, compared to 91.5% in December 2023. Bastrop County 2024 1,310 – Residential homes sold, 7.2% more than 2023. $360,000 – Median price for residential homes, 2.7% less than 2023. 2,170 – New home listings on the market, 18.8% more than 2023. 7,259 – Active home listings on the market, 19.1% more than 2023. 1,323 – Pending sales, 7.9% more than 2023. $532,811,486 – Total dollar volume of homes sold, 5.5% more than 2023. December 2024 108 – Residential homes sold, 8.8% more than December 2023. $380,000 – Median price for residential homes, 1.3% more than December 2023. 120 – New home listings on the market, 34.8% more than December 2023. 565 – Active home listings on the market, 13.7% more than December 2023. 95 – Pending sales, flat compared to December 2023. 5.3 – Months of inventory, 1.1 months more than December 2023. $46,788,483 – Total dollar volume of homes sold, 17.4% more than December 2023. 92.9% – Average close to list price, compared to 91.1% in December 2023. Caldwell County 2024 473 – Residential homes sold, 26.1% more than 2023. $294,990 – Median price for residential homes, 1.7% less than 2023. 656 – New home listings on the market, 16.9% more than 2023. 1,753 – Active home listings on the market, 17.7% more than 2023. 486 – Pending sales, 31.4% more than 2023. $124,067,144 – Total dollar volume of homes sold, flat compared to 2023. December 2024 24 – Residential homes sold, 28.6% less than December 2023. $275,000 – Median price for residential homes, 14.6% less than December 2023. 41 – New home listings on the market, 57.7% more than December 2023. 120 – Active home listings on the market, 30.2% less than December 2023. 31 – Pending sales, 63.2% more than December 2023. 4.3 – Months of inventory, 0.3 months more than December 2023. $7,265,624 – Total dollar volume of homes sold, 29.7% less than December 2023. 91.7% – Average close to list price, compared to 91.3% in December 2023. For more information or to download the December 2024 and Year-End Central Texas Housing Market Report, visit UnlockMLS.com/Stats.

Uptick in November sales indicates healthy market activity In November across the Austin-Round Rock-San Marcos MSA, closed sales ticked up 4.6% to 2,130 closed listings, indicating a positive sign for buyers and sellers as the market continues to stabilize, according to the latest Central Texas Housing Report released by Unlock MLS. The growth in sales is reflective of September’s lower mortgage rates and consistent sales activity earlier in the fall. Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, noted that November’s data reflects continued stability in Austin’s housing market. “November’s sales increase is largely tied to the activity we saw in September and October, when mortgage rates inched down to 6.08% and prospective buyers felt encouraged to move towards buying a home. What’s really driving behavior in the market is where mortgage rates land. Moving forward, despite higher mortgage rates, sales activity should remain relatively consistent year-over-year.” Kent Redding, 2024 Unlock MLS and ABoR president, highlighted the current momentum in the market, emphasizing both the opportunities for buyers and sellers as the market continues to stabilize heading into the new year. “With solid pending sales activity and steady inventory levels, Austin’s housing market is positioned for a steady close to the year. Buyers who locked in lower rates earlier this fall are now finalizing purchases, while sellers are finding promising opportunities as the market stabilizes with the guidance of REALTORS®. Whether you’re ready to build equity through homeownership or have your sights set on a specific neighborhood, now is the time to take action and make your move.” Austin-Round Rock-San Marcos MSA 2,130 – Residential homes sold, 4.6% more than November 2023. $435,000 – Median price for residential homes, 2.4% more than November 2023. 2,570 – New home listings on the market, 2.2% less than November 2023. 10,845 – Active home listings on the market, 5.2% more than November 2023. 2,255 – Pending sales, 16.7% more than November 2023. 4.8 – Months of inventory, 1.1 months more than November 2023. $1,193,804,656 – Total dollar volume of homes sold, 8.2% more than November 2023. 92.7% – Average close to list price, flat compared to November 2023. City of Austin 674 – Residential homes sold, 9.2% more than November 2023. $573,400 – Median price for residential homes, 2.0% more than November 2023. 835 – New home listings on the market, 7.9% less than November 2023. 3,778 – Active home listings on the market, 3.8% more than November 2023. 738 – Pending sales, 29.7% more than November 2023. 5.3 – Months of inventory, 1.5 months more than November 2023. $512,095,983 – Total dollar volume of homes sold, 13.9% more than November 2023. 91.8% – Average close to list price, compared to 92.0% in November 2023. Travis County 899 – Residential homes sold, 6.0% more than November 2023. $515,000 – Median price for residential homes, 4.1% more than November 2023. 1,153 – New home listings on the market, 5.3% less than November 2023. 5,115 – Active home listings on the market, 2.9% more than November 2023. 1,009 – Pending sales, 30.2% more than November 2023. 5.4 – Months of inventory, 1.5 months more than November 2023. $621,458,660 – Total dollar volume of homes sold, 8.9% more than November 2023. 92.4% – Average close to list price, compared to 91.9% in November 2023. Williamson County 752 – Residential homes sold, 5.2% more than November 2023. $423,120 – Median price for residential homes, 1.0% more than November 2023. 744 – New home listings on the market, 9.4% less than November 2023. 3,047 – Active home listings on the market, 5.2% more than November 2023. 770 – Pending sales, 2.7% more than November 2023. 3.9 – Months of inventory, 0.9 months more than November 2023. $359,872,646 – Total dollar volume of homes sold, 8.2% more than November 2023. 93.3% – Average close to list price, flat to November 2023. Hays County 363 – Residential homes sold, 3.4% more than November 2023. $368,015 – Median price for residential homes, flat compared to November 2023. 474 – New home listings on the market, 12.6%more than November 2023. 1,830 – Active home listings on the market, 7.0% more than November 2023. 353– Pending sales, 13.5% more than November 2023. 4.5 – Months of inventory, 0.5 months more than November 2023. $166,391,051 – Total dollar volume of homes sold, 6.8% more than November 2023. 92.0% – Average close to list price, compared to 92.9% in November 2023. Bastrop County 87 – Residential homes sold, 9.8% more than November 2023. $372,500 – Median price for residential homes, 6.4% more than November 2023. 161 – New home listings on the market, 15.8% more than November 2023. 664 – Active home listings on the market, 20.9% more than November 2023. 101 – Pending sales, 34.7% more than November 2023. 7.0 – Months of inventory, 2.3 months more than November 2023. $37,020,581– Total dollar volume of homes sold, 19.5% more than November 2023. 92.1% – Average close to list price, compared to 91.3% in November 2023. Caldwell County 30 – Residential homes sold, 31.3% less than November 2023. $286,000 – Median price for residential homes, 4.7% less than November 2023. 38 – New home listings on the market, 26.7% more than November 2023. 189 – Active home listings on the market, 4.4% more than November 2023. 22 – Pending sales, 4.8% more than November 2023. 4.0 – Months of inventory, 0.3 months less than November 2023. $9,061,719 – Total dollar volume of homes sold, 32.7% less than November 2023. 94.4% – Average close to list price, compared to 95.9% in November 2023. For more information or to download the November 2024 Central Texas Housing Report, visit UnlockMLS.com/Stats.

  Unlock MLS: Central Texas housing inventory grows, offering buyers more choices in high-rate market  In October, active listings across the Austin-Round Rock-San Marcos MSA increased 9.3% to 11,599 listings bringing the total months of inventory for the region to 5.1 months of inventory, up 0.5 months more compared to October 2023, according to the latest Central Texas Housing Report released by Unlock MLS. The data coupled with the average close-to-list price ratio hovering at 92.7% indicates that buyers have more options to purchase a home they can afford in a high interest-rate environment while sellers still have some room to negotiate.   Clare Losey, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, noted that the biggest factor affecting home sales continues to be mortgage rates. “Mortgage rates averaged 6.4% in October with signs pointing to them remaining in the low-to mid-6% range as we head into 2025, even with the Fed’s second rate cut last week. Buyers waiting on the sidelines for rates to drop significantly may be in for a long wait. In the meantime, sellers must recognize that bringing buyers to the table requires a more aggressive pricing approach. Even in a more balanced market, buyers with limited purchasing power are struggling to meet current price expectations.”  Kent Redding, 2024 Unlock MLS and ABoR president, reinforced the inevitability and long-term positive impact of the Central Texas region’s recent market correction to healthier inventory levels and more balanced conditions.  “News headlines that characterize the Central Texas housing market as ‘ground zero’ are an extreme over-exaggeration. It’s important to remember where we’ve come from. Austin led the state and nation in record-breaking home price growth and sales activity during the pandemic. For three years, near-zero housing inventory, numerous offers above list price and a rapid-paced market raised home prices and left little negotiating power for buyers. During this record-setting growth, ABoR and Unlock MLS consistently emphasized the unsustainability of the rapid growth, and now, our market is working to balance those extremes.”  Redding added: “Central Texas remains a desirable and sought-after location for families and businesses alike, with real estate remaining as the most powerful long-term investment and the greatest driver of generational wealth. This is why it’s invaluable to have a trusted REALTOR® in your corner to explain what’s really happening in the market and how you can make the most of those conditions.”  Austin-Round Rock-San Marcos MSA   2,248 – Residential homes sold, 1.5% less than October 2023.    $430,000 – Median price for residential homes, 3.2% less than October 2023.  3,333 – New home listings on the market, 7.4% more than October 2023.   11,599 – Active home listings on the market, 9.3% more than October 2023.  2,344 – Pending sales, 13.0% more than October 2023.    5.1 – Months of inventory, 0.5 months more than October 2023.  $1,270,475,501 – Total dollar volume of homes sold, 1.0% less than October 2023.    92.7% – Average close to list price, compared to 93.3% in October 2023.    City of Austin    716 – Residential homes sold, 0.8% less than October 2023.   $565,000 – Median price for residential homes, 0.5% less than October 2023.   1,170 – New home listings on the market, 1.7% more than October 2023.  4,249 – Active home listings on the market, 10.4% more than October 2023.   764 – Pending sales, 22.0% more than October 2023.    5.9 – Months of inventory, 0.6 months more than October 2023.   $553,060,088 – Total dollar volume of homes sold, 1.8% more than October 2023.    91.4% – Average close to list price, compared to 92.1% in October 2023.    Travis County     979 – Residential homes sold, 2.5% more than October 2023.   $510,000 – Median price for residential homes, flat to October 2023.   1,579 – New home listings on the market, 4.5% more than October 2023.    5,702 – Active home listings on the market, 9.4% more than October 2023.    1,006 – Pending sales, 16.8% more than October 2023.    5.8 – Months of inventory, 0.4 months more than October 2023.   $691,527,907 – Total dollar volume of homes sold, 4.7% more than October 2023.    91.8% – Average close to list price, compared to 92.6% in October 2023.  Williamson County   807 – Residential homes sold, 3.1% less than October 2023.    $420,000 – Median price for residential homes, 2.3% less than October 2023.  1,028 – New home listings on the market, 7.1% more than October 2023.    3,369 – Active home listings on the market, 9.2% more than October 2023.    835 – Pending sales, 11.3% more than October 2023.   4.2 – Months of inventory, 0.5 months more than October 2023.   $384,263,366 – Total dollar volume of homes sold, 4.2% less than October 2023.    93.4% – Average close to list price, compared to 93.8% in October 2023.   Hays County    315 – Residential homes sold, 7.8% less than October 2023.    $359,000 – Median price for residential homes, 5.5% less than October 2023.    534 – New home listings on the market, 20.8% more than October 2023.   1,740 – Active home listings on the market, 6.6% more than October 2023.   354 – Pending sales, 11.3% more than October 2023.   5.4 – Months of inventory, 0.7 months more than October 2023.   $140,077,628 – Total dollar volume of homes sold, 11.6% less than October 2023.    93.2% – Average close to list price, compared to 93.0% in October 2023.   Bastrop County    114 – Residential homes sold, 4.4% more than October 2023.    $355,000 – Median price for residential homes, 1.1% less than October 2023.   152 – New home listings on the market, 1.3% less than October 2023.    654 – Active home listings on the market, 23.2% more than October 2023.    119 – Pending sales, 8.2% more than October 2023.    5.7 – Months of inventory, 0.8 months more than October 2023.   $44,790,742 – Total dollar volume of homes sold, 1.5% more than October 2023.    92.6% – Average close to list price, compared to 93.5% in October 2023.   Caldwell County     33 – Residential homes sold, 13.8% less than October 2023.    $262,990 – Median price for residential homes, 13.5% less than October 2023.   40 – New home listings on the market, 14.3% more than October 2023.    136 – Active home listings on the market, 9.9% less than October 2023.    30 – Pending sales, 16.7% less than October 2023.    4.1 – Months of inventory, 0.3 months more than October 2023.    $9,815,857 – Total dollar volume of homes sold, 20.2% less than October 2023.    94.1% – Average close to list price, compared to 97.6% in October 2023.   For more information or to download the October 2024 Central Texas Housing Report, visit ABoR.com/MarketStatistics.      

  Buyers look to capitalize on mortgage rate cuts, lower home prices In September, the median home price in the Austin area housing market decreased by 6.6% to $425,000, while pending sales increased by 20.2%, according to Unlock MLS’ September 2024 Central Texas Housing Report. These data points, when combined with inventory reaching 5.9 months, indicate the region’s housing market is becoming more balanced, while still facing affordability challenges. “Sellers are adjusting their expectations to reflect buyers' growing leverage in light of ongoing affordability constraints” Clare Knapp, Ph.D, housing economist for Unlock MLS and the Austin Board of REALTORS®, said. “We are also seeing active listings grow at a slower pace compared to earlier in the year, which indicates that our housing market will continue to be balanced between buyers and sellers. Pending sales in the Austin housing market have surged, likely driven by the mid-September drop in mortgage rates, as buyers are expected to take advantage of favorable conditions throughout the fall.” Kent Redding, 2024 Unlock MLS and ABoR president, highlighted the complexities of the current housing market emphasizing that while declining mortgage rates are helpful for buyers, affordability remains a core concern across Austin. “While mortgage rates have declined and inventory has increased, affordability remains a significant barrier for many buyers across the region. As election day approaches, it’s crucial for Central Texans to support candidates who will prioritize housing affordability, pursue meaningful policy changes to reduce barriers to housing, and help communities take the necessary steps to increase the housing stock to respond to the growth in our rapidly evolving market." Austin-Round Rock-San Marcos MSA 2,286 – Residential homes sold, 2.6% less than September 2023. $425,000 – Median price for residential homes, 6.6% less than September 2023. 3,545 – New home listings on the market, 0.1% less than September 2023. 12,153 – Active home listings on the market, 11.6% more than September 2023. 2,569 – Pending sales, 20.2% more than September 2023. 9 – Months of inventory, 1.3 months more than September 2023. $1,268,639,386 – Total dollar volume of homes sold, 7.8% less than September 2023. 8% – Average close to list price, compared to 93.2% in September 2023.   City of Austin 737 – Residential homes sold, 11.9% less than September 2023. $580,000 – Median price for residential homes, 1.7% more than September 2023. 1,270 – New home listings on the market, 3.1% less than September 2023. 4,519 – Active home listings on the market, 16.3% more than September 2023. 799 – Pending sales, 9.5% more than September 2023. 8 – Months of inventory, 2.2 months more than September 2023. $536,872,801 – Total dollar volume of homes sold, 12.4% less than September 2023. 1% – Average close to list price, compared to 92.8% in September 2023.   Travis County 988 – Residential homes sold, 10.4% less than September 2023. $500,000 – Median price for residential homes, 2.9% less than September 2023. 1,728 – New home listings on the market, 1.6% less than September 2023. 6,018 – Active home listings on the market, 13.5% more than September 2023. 1,089 – Pending sales, 13.6% more than September 2023. 7 – Months of inventory, 1.9 months more than September 2023. $672,226,022 – Total dollar volume of homes sold, 13.4% less than September 2023. 3% – Average close to list price, compared to 93.0% in September 2023.   Williamson County 793 – Residential homes sold, 0.8% more than September 2023. $415,670 – Median price for residential homes, 3.3% less than September 2023. 1,068 – New home listings on the market, 0.6% more than September 2023. 3,513 – Active home listings on the market, 10.2% more than September 2023. 933 – Pending sales, 23.9% more than September 2023. 1 – Months of inventory, 1.0 months more than September 2023. $374,220,627 – Total dollar volume of homes sold, 3.2% less than September 2023. 2% – Average close to list price, compared to 94.1% in September 2023.   Hays County 367 – Residential homes sold, 14.1% more than September 2023. $369,300 – Median price for residential homes, 7.7% less than September 2023. 509 – New home listings on the market, 1.0% less than September 2023. 1,781 – Active home listings on the market, 6.3% more than September 2023. 398 – Pending sales, 28.0% more than September 2023. 2 – Months of inventory, flat to September 2023. $174,736,181 – Total dollar volume of homes sold, 9.2% more than September 2023. 6% – Average close to list price, compared to 92.8% in September 2023.   Bastrop County 92 – Residential homes sold, 7.7% less than September 2023. $354,990 – Median price for residential homes, 2.9% less than September 2023. 184 – New home listings on the market, 15.7% more than September 2023. 690 – Active home listings on the market, 22.1% more than September 2023. 113 – Pending sales, 39.5% more than September 2023. 2 – Months of inventory, 1.6 more than September 2023. $35,214,004 – Total dollar volume of homes sold, 15.2% less than September 2023. 2% – Average close to list price, compared to 90.8% in September 2023.   Caldwell County 45 – Residential homes sold, 24.8% more than September 2023. $281,455 – Median price for residential homes, 4.4% less than September 2023. 56 – New home listings on the market, 1.8% less than September 2023. 151 – Active home listings on the market, 4.4% less than September 2023. 36 – Pending sales, 5.9% more than September 2023. 0 – Months of inventory, 0.4 months less than September 2023. $12,242,552 – Total dollar volume of homes sold, 5.4% more than September 2023. 4% – Average close to list price, compared to 92.8% in September 2023. For more information or to download the September 2024 Central Texas Housing Report, visit ABoR.com/MarketStatistics.

  Affordable home pricing key to attracting more buyers in Central Texas In August, active home listings in the Austin area housing market increased by 15.4%, while the median home price dropped by 4.4% to $439,990, according to Unlock MLS’ August 2024 Central Texas Housing Report. While these factors indicate more opportunity for buyers, home prices need to decrease further to significantly impact sales growth across the region. “Buyers currently have more leverage in this market than previous years and it’s important for sellers to price their homes attainably to reflect current market conditions and attract more buyers,” Clare Knapp, Ph.D, housing economist for Unlock MLS and the Austin Board of REALTORS®, said. “While the Federal Reserve may start cutting rates in September, don’t expect a meaningful decline in mortgage rates. Even if rates drop to 6%, it would only provide a modest 2% boost in buyer purchasing power. In today’s market, a moderation of home prices—rather than interest rates—is what will drive sales.” Kent Redding, 2024 ABoR and Unlock MLS president, highlighted the importance of working with a REALTOR® to find affordable and attainable housing options throughout the Austin-Round Rock-San Marcos MSA. “While communities in Central Texas have taken important steps this past year to improve our housing supply and lower the cost of housing, more steps need to be taken to implement solutions to address housing affordability. As always, working with a REALTOR® is important. As experts in this market, REALTORS® understand pricing dynamics and how to list and show a home that will help close the deal more quickly.” Austin-Round Rock-San Marcos MSA 2,591 – Residential homes sold, 10.4% less than August 2023. $439,990 – Median price for residential homes, 4.4% less than August 2023. 3,781 – New home listings on the market, 4.1% less than August 2023. 12,334 – Active home listings on the market, 15.4% more than August 2023. 2,583 – Pending sales, 3.1% more than August 2023. 4.9 – Months of inventory, 1.1 months more than August 2023. $1,494,659,395 – Total dollar volume of homes sold, 11.0% less than August 2023. 93.3% – Average close to list price, compared to 94.2% in August 2023. City of Austin 866 – Residential homes sold, 16.2% less than August 2023. $585,000 – Median price for residential homes, 1.8% more than August 2023. 1,260 – New home listings on the market, 9.2% less than August 2023. 4,541 – Active home listings on the market, 18.1% more than August 2023. 838 – Pending sales, 6.2% less than August 2023. 5.4 – Months of inventory, 1.5 months more than August 2023. $662,438,441 – Total dollar volume of homes sold, 12.6% less than August 2023. 92.3% – Average close to list price, compared to 93.3% in August 2023. Travis County 1,170 – Residential homes sold, 12.4% less than August 2023. $507,875 – Median price for residential homes, 2.3% less than August 2023. 1,695 – New home listings on the market, 11.4% less than August 2023. 6,016 – Active home listings on the market, 15.1% more than August 2023. 1,123 – Pending sales, 3.2% less than August 2023. 5.3 – Months of inventory, 1.2 months more than August 2023. $819,479,358 – Total dollar volume of homes sold, 10.0% less than August 2023. 92.7% – Average close to list price, compared to 93.6% in August 2023. Williamson County 857 – Residential homes sold, 12.6% less than August 2023. $428,500 – Median price for residential homes, 3.3% less than August 2023. 1,269 – New home listings on the market, 1.4% more than August 2023. 3,643 – Active home listings on the market, 14.1% more than August 2023. 893 – Pending sales, 2.8% more than August 2023. 4.4 – Months of inventory, 1.2 months more than August 2023. $423,195,158 – Total dollar volume of homes sold, 15.3% less than August 2023. 93.8% – Average close to list price, compared to 94.8% in August 2023. Hays County 417 – Residential homes sold, 3.5% more than August 2023. $377,850 – Median price for residential homes, 5.5% less than August 2023. 574 – New home listings on the market, 8.3% more than August 2023. 1,860 – Active home listings on the market, 16.5% more than August 2023. 414 – Pending sales, 24.3% more than August 2023. 4.6 – Months of inventory, 0.4 months more than August 2023. $198,369,671 – Total dollar volume of homes sold, 1.7% less than August 2023. 93.6% – Average close to list price, compared to 94.6% in August 2023. Bastrop County 101 – Residential homes sold, 24.7% less than August 2023. $359,950 – Median price for residential homes, 0.3% more than August 2023. 193 – New home listings on the market, 3.2% more than August 2023. 679 – Active home listings on the market, 26.2% more than August 2023. 100 – Pending sales, 9.1% less than August 2023. 6.9 – Months of inventory, 2.1 more than August 2023. $39,372,888 – Total dollar volume of homes sold, 27.5% less than August 2023. 92.7% – Average close to list price, compared to 93.6% in August 2023. Caldwell County 47 – Residential homes sold, 21.5% more than August 2023. $294,495 – Median price for residential homes, 1.8% less than August 2023. 50 – New home listings on the market, 15.3% less than August 2023. 137 – Active home listings on the market, 5.5% less than August 2023. 52 – Pending sales, 52.9% more than August 2023. 2.9 – Months of inventory, 1.5 months less than August 2023. $14,242,320 – Total dollar volume of homes sold, 18.4% more than August 2023. 95.5% – Average close to list price, compared to 96.5% in August 2023. For more information or to download the August 2024 Central Texas Housing Report, visit ABoR.com/MarketStatistics.

  Buyers sought affordable housing inventory outside of Travis County in July  In July, the Austin-Round Rock-San Marcos MSA housing market experienced a 3.5% decrease in sales overall, with 2,652 closed listings. However, sales increased in Williamson, Hays, Bastrop and Caldwell counties as buyers continue to seek more affordable housing options, according to Unlock MLS’ July Central Texas Housing Report. “Consistently high mortgage rates continue to impact buyer’s purchasing power, but July’s increase in sales in four of the five MSA counties shows the strength of Central Texas housing demand,” Clare Knapp, Ph.D, housing economist for Unlock MLS and the Austin Board of REALTORS®, said. “With rates around 6.5%, only about half of homeowners in our market can afford a median priced home and only about a quarter of renters can afford a starter home. Home prices across the market still need to decrease to meet market conditions and meet buyers where their purchasing power is currently. It is notable that we are seeing more first-time buyers willing to make a move this year compared to last, and that is a positive sign for our market.” Kent Redding, 2024 ABoR and Unlock MLS president, highlighted the strength in outlying counties in the market. “Buyers are taking advantage of ample housing inventory and more affordably priced housing options in the market outside of Travis County. This demonstrates that when a home is priced right, buyers are ready to make a move. Working with a REALTOR® is important to identify homes across the MSA that work for a prospective buyer’s budget, and for sellers, receiving expert counsel on the pricing dynamics in today’s higher rate environment. Current market conditions highlight the need for consistent passage of sustainable housing policies to increase inventory across all price points in Travis County, and ABoR will continue its advocacy work to ensure those policies are enacted to contribute to the health of the market in the near and long term.” Austin-Round Rock-San Marcos MSA 2,652 – Residential homes sold, 3.5% less than July 2023. $450,000 – Median price for residential homes, 2.8% less than July 2023. 3,812 – New home listings on the market, 0.3% less than July 2023. 12,661 – Active home listings on the market, 20.3% more than July 2023. 2,567 – Pending sales, 5.1% less than July 2023. 5.1 – Months of inventory, 1.0 months more than July 2023. $1,530,599,967 – Total dollar volume of homes sold, 6.6% less than July 2023. 94.2% – Average close to list price, compared to 94.6% in July 2023. City of Austin 880 – Residential homes sold, 10.3% less than July 2023. $585,000 – Median price for residential homes, 1.7% more than July 2023. 1,359 – New home listings on the market, 7.6% less than July 2023. 4,862 – Active home listings on the market, 23.8% more than July 2023. 834 – Pending sales, 14.4% less than July 2023. 5.8 – Months of inventory, 1.3 months more than July 2023. $662,787,575 – Total dollar volume of homes sold, 10.3% less than July 2023. 93.7% – Average close to list price, compared to 94.5% in July 2023. Travis County 1,155 – Residential homes sold, 11.9% less than July 2023. $525,000 – Median price for residential homes, 1.9% less than July 2023. 1,771 – New home listings on the market, 4.8% less than July 2023. 6,364 – Active home listings on the market, 22.1% more than July 2023. 1,140 – Pending sales, 9.2% less than July 2023. 5.8 – Months of inventory, 1.3 months more than July 2023. $808,167,486 – Total dollar volume of homes sold, 13.4% less than July 2023. 93.8% – Average close to list price, compared to 94.2% in July 2023. Williamson County 943 – Residential homes sold, 3.8% more than July 2023. $428,500 – Median price for residential homes, 0.3% less than July 2023. 1,263 – New home listings on the market, 2.4% more than July 2023. 3,607 – Active home listings on the market, 16.5% more than July 2023. 885 – Pending sales, 1.3% less than July 2023. 4.1 – Months of inventory, 0.7 months more than July 2023. $460,424,579 – Total dollar volume of homes sold, 1.5% more than July 2023. 94.6% – Average close to list price, compared to 95.9% in July 2023. Hays County 401 – Residential homes sold, 4.5% more than July 2023. $385,500 – Median price for residential homes, 3.6% less than July 2023. 549 – New home listings on the market, 7.4% more than July 2023. 1,889 – Active home listings on the market, 20.7% more than July 2023. 375 – Pending sales, 5.8% less than July 2023. 5.2 – Months of inventory, 0.8 months more than July 2023. $202,145,525 – Total dollar volume of homes sold, 2.9% more than July 2023. 94.2% – Average close to list price, compared to 93.6% in July 2023. Bastrop County 116 – Residential homes sold, 4.8% more than July 2023. $343,745 – Median price for residential homes, 6.5% less than July 2023. 173 – New home listings on the market, 2.4% more than July 2023. 652 – Active home listings on the market, 26.1% more than July 2023. 120 – Pending sales, 3.4% more than July 2023. 6.0 – Months of inventory, 0.8 more than July 2023. $47,511,644 – Total dollar volume of homes sold, 1.3% more than July 2023. 94.1% – Average close to list price, compared to 92.8% in July 2023. Caldwell County 36 – Residential homes sold, 12.5% more than July 2023. $291,000 – Median price for residential homes, 2.4% less than July 2023. 56 – New home listings on the market, 14.3% more than July 2023. 149 – Active home listings on the market, 12.0% more than July 2023. 47 – Pending sales, 20.5% more than July 2023. 3.8 – Months of inventory, 1.6 months less than July 2023. $12,350,734 – Total dollar volume of homes sold, 22.5% more than July 2023. 95.1% – Average close to list price, compared to 95.5% in July 2023. For more information or to download the July 2024 Central Texas Housing Report, visit ABoR.com/MarketStatistics.

  Surge in housing inventory defines first half of 2024 in Central Texas Housing Market According to the June and Mid-Year 2024 Central Texas Housing Report released by Unlock MLS, active home listings in June increased 25.9% to 13,227 listings. This increase, coupled with the rise in mortgage rates in late April and early May to 7.2%, induced a decline of 6.3% to the median sales price of $450,000 in June, providing buyers with the highest level of inventory, 5.0 months of inventory, in the MSA since 2011. Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, pointed to buyer and seller tendencies and their effect on the market. “In June, and the first half of the year, we’ve seen sellers remain resolute in their price point, a main factor behind the decline in sales of 13.4%. For buyers, the recent surge in active listings, plus affordability constraints for moderate-income buyers, means that they are choosing to be more selective when purchasing a home. The market will continue to find its footing in the latter half of the year, proving that both buyers and sellers will need to remain nimble and work closely with their REALTOR® to find and negotiate their best option.” Kent Redding, 2024 ABoR and Unlock MLS president, stressed key actions to be successful in today’s market. “For the remainder of the year, both buyers and sellers need to adjust the way they navigate the market. Homes are selling at 96.4% of original list price, but the homes that are selling are moving because they are showing well and priced appropriately. Price and presentation are the top two critical components to a successful sale, whereas time on the market can be a big detractor. For buyers, now is the time to expand your options and make competitive offers in this high-inventory environment. Ensure your REALTOR® is in lockstep with your motivations and goals so that you can confidently make bold decisions that maximize the opportunity present in the market.” Austin-Round Rock-San Marcos MSA: June 2024 2,732 – Residential homes sold, 13.4% less than June 2023. $450,000 – Median price for residential homes, 6.3% less than June 2023. 4,364 – New home listings on the market, 3.9% less than June 2023. 13,227 – Active home listings on the market, 25.9% more than June 2023. 2,802 – Pending sales, 2.4% less than June 2023. 5.0 – Months of inventory, 1.3 months more than June 2023. $1,581,439,443 – Total dollar volume of homes sold, 18.0% less than June 2023. 96.40% – Average close to list price, compared to 94.7% in June 2023. Austin-Round Rock-San Marcos MSA: Year to Date  15,189 – Residential homes sold, 1.8% less than the first half of 2023. $450,000 – Median price for residential homes, 2.2% less than the first half of 2023. 26,398 – New home listings on the market, 15.4% more than the first half of 2023. 63,005 – Active home listings on the market, 15.5% more than the first half of 2023. 16,676 – Pending sales, 1.6% more than the first half of 2023. $8,780,135,436 – Total dollar volume of homes sold, 2.7% less than the first half of 2023. City of Austin: June 2024 868 – Residential homes sold, 21.0% less than June 2023. $600,000 – Median price for residential homes, 1.6% less than June 2023. 1,661 – New home listings on the market, 10.0% less than June 2023. 5,632 – Active home listings on the market, 43.4% more than June 2023. 910 – Pending sales, 12.2% less than June 2023. 5.8 – Months of inventory, 1.9 months more than June 2023. $665,437,038 – Total dollar volume of homes sold, 23.6% less than June 2023. 95.2% – Average close to list price, compared to 95.48% in June 2023. City of Austin: Year to Date 5,172 – Residential homes sold, 2.9% less than the first half of 2023. $574,995– Median price for residential homes, flat compared to the first half of 2023. 9,987 – New home listings on the market, 11.5% more than the first half of 2023. 23,289 – Active home listings on the market, 24.9% more than the first half of 2023. 5,636 – Pending sales, 1.7% less than the first half of 2023. $3,895,461,068 – Total dollar volume of homes sold, 3.3% less than the first half of 2023. Travis County: June 2024 1,210 – Residential homes sold, 18.6% less than June 2023. $525,000 – Median price for residential homes, 3.7% less than June 2023. 2,122 – New home listings on the market, 9.9% less than June 2023. 6,819 – Active home listings on the market, 29.9% more than June 2023. 1,224 – Pending sales, 9.4% less than June 2023. 5.8 – Months of inventory, 1.8 months more than June 2023. $842,700,113 – Total dollar volume of homes sold, 21.9% less than June 2023. 97.2% – Average close to list price, compared to 94.9% in June 2023. Travis County: Year to Date 6,830 – Residential homes sold, 4.8% less than the first half of 2023. $520,000 – Median price for residential homes, 0.1% more than the first half of 2023. 12,981 – New home listings on the market, 11.2% more than the first half of 2023. 31,533 – Active home listings on the market, 21.4% more than the first half of 2023. 7,453 – Pending sales, 2.6% less than the first half of 2023. $4,779,938,098 – Total dollar volume of homes sold, 4.0% less than the first half of 2023. Williamson County: June 2024 945 – Residential homes sold, 15.1% less than June 2023. $434,000 – Median price for residential homes, 3.6% less than June 2023. 1,357 – New home listings on the market, 2.0% less than June 2023. 3,727 – Active home listings on the market, 23.0% more than June 2023. 976 – Pending sales, 1.3% less than June 2023. 4.1 – Months of inventory, 1.1 months more than June 2023. $472,989,836 – Total dollar volume of homes sold, 17.8% less than June 2023. 95.7% – Average close to list price, compared to 94.51% in June 2023. Williamson County: Year to Date 5,254 – Residential homes sold, 3.9% less than the first half of 2023. $430,000 – Median price for residential homes, 1.6% less than the first half of 2023. 8,051 – New home listings on the market, 14.8% more than the first half of 2023. 17,613 – Active home listings on the market, 5.7% more than the first half of 2023. 5,746 – Pending sales, 0.2% more than the first half of 2023. $2,555,608,499 – Total dollar volume of homes sold, 5.7% less than the first half of 2023. Hays County: June 2024 413 – Residential homes sold, 1.7% more than June 2023. $391,775 – Median price for residential homes, 7.8% less than June 2023. 623 – New home listings on the market, 5.4% more than June 2023. 1,908 – Active home listings on the market, 20.4% more than June 2023. 416 – Pending sales, 6.9% more than June 2023. 4.9 – Months of inventory, 0.7 months more than June 2023. $205,309,071 – Total dollar volume of homes sold, 3.7% less than June 2023. 95.8% – Average close to list price, compared to 94.0% in June 2023. Hays County: Year to Date 2,202 – Residential homes sold, 5.7% more than the first half of 2023. $385,000 – Median price for residential homes, 3.8% less than the first half of 2023. 3,783 – New home listings on the market, 28.1% more than the first half of 2023. 9,703 – Active home listings on the market, 16.2% more than the first half of 2023. 2,471 – Pending sales, 12.1% more than the first half of 2023. $1,092,777,071 – Total dollar volume of homes sold, 5.8% more than the first half of 2023. Bastrop County: June 2024 111 – Residential homes sold, 1.5% more than June 2023. $339,450 – Median price for residential homes, 10.7% less than June 2023. 198 – New home listings on the market, 26.9% more than June 2023. 633 – Active home listings on the market, 23.9% more than June 2023. 140 – Pending sales, 29.6% more than June 2023. 5.7 – Months of inventory, 1.1 more than June 2023. $42,857,579 – Total dollar volume of homes sold, 10.7% less than June 2023. 94.7% – Average close to list price, compared to 93.6% in June 2023. Bastrop County: Year to Date 661 – Residential homes sold, 12.0% more than the first half of 2023. $360,000 – Median price for residential homes, 5.2% less than the first half of 2023. 1,206 – New home listings on the market, 29.8% more than the first half of 2023. 3,295 – Active home listings on the market, 12.4% more than the first half of 2023. 717 – Pending sales, 12.2% more than the first half of 2023. $268,529,211 – Total dollar volume of homes sold, 8.6% more than the first half of 2023. Caldwell County: June 2024 57 – Residential homes sold, 45.0% more than June 2023. $300,000 – Median price for residential homes, 7.1% more than June 2023. 61 – New home listings on the market, 8.9% more than June 2023. 138 – Active home listings on the market, 8.1% more than June 2023. 44 – Pending sales, 25.7% more than June 2023. 3.0 – Months of inventory, 0.3 months less than June 2023. $18,869,166 – Total dollar volume of homes sold, 42.2% more than June 2023. 95.9% – Average close to list price, compared to 97.9% in June 2023. Caldwell County: Year to Date 242 – Residential homes sold, 60.3% more than the first half of 2023. $299,945 – Median price for residential homes, flat compared to the first half of 2023. 377 – New home listings on the market, 23.6% more than the first half of 2023. 861 – Active home listings on the market, 36.2% more than the first half of 2023. 289 – Pending sales, 54.5% more than the first half of 2023. $83,282,558 – Total dollar volume of homes sold, 58.4% more than the first half of 2023. For more information or to download the June and Mid-Year 2024 Central Texas Housing Report, visit ABoR.com/MarketStatistics.

MSA housing inventory reaches highest level in 13 years In May, the Austin-Round Rock-Georgetown MSA saw a 12.8% decline in closed listings with 4.9 months of available inventory, a level that hasn’t been seen in 13 years according to the latest Central Texas Housing Report released by Unlock MLS. Meanwhile, active listings ticked up 37.7% year-over-year. Because of this increase in available options, buyers have the power to be more selective when purchasing a home. Clare Losey, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, provided insight into what this data means for buyers and sellers. “This data demonstrates that buyers can continue to be more selective when searching for a home in their price range. Although it may appear to be a buyer's market from the outside, it’s important to understand the context behind these statistics, including higher interest rates resulting in a reduction in purchasing power. This market does not offer a clear advantage to either buyers or sellers.” Kent Redding, 2024 Unlock MLS and ABoR president, elaborated on the importance of working with a REALTOR® to ensure the best possible guidance in navigating this complicated housing market. “Since the market is no longer as straightforward as it once was, it's imperative to work with a REALTOR® to navigate current conditions. Working with a professional who understands the nuances of the market can help sellers list their homes at prices that are in line with the market while helping buyers understand how to find the best possible housing options in their price range.” Austin Round-Rock-Georgetown MSA 2,968 – Residential homes sold, 12.8% less than May 2023. $459,450 – Median price for residential homes, 0.4% less than May 2023. 5,243 – New home listings on the market, 16.3% more than May 2023. 12,211 – Active home listings on the market, 37.7% more than May 2023. 2,966 – Pending sales, 2.5% less than May 2023. 4.9 – Months of inventory, 1.5 months more than May 2023. $1,766,711,612 – Total dollar volume of homes sold, 13.4% less than May 2023. 95.5% – Average close to list price, compared to 94.2% in May 2023. City of Austin 1,038 – Residential homes sold, 2.4% more than May 2023. $608,438 – Median price for residential homes, 11.6% more than May 2023. 2,021 – New home listings on the market, 40.3% more than May 2023. 4,740 – Active home listings on the market, 85.3% more than May 2023. 973 – Pending sales, 6.3% more than May 2023. 6.2 – Months of inventory, 2.7 months more than May 2023. $818,966,999 – Total dollar volume of homes sold, 14.5% more than May 2023. 95.3% – Average close to list price, flat to May 2023. Travis County 1,308 – Residential homes sold, 18.8% less than May 2023. $555,000 – Median price for residential homes, 4.7% more than May 2023. 2,611 – New home listings on the market, 16.3% more than May 2023. 6,276 – Active home listings on the market, 46.9% more than May 2023. 1,310 – Pending sales, 9.5% less than May 2023. 5.6 – Months of inventory, 2.0 months more than May 2023. $965,012,284 – Total dollar volume of homes sold, 17.6% less than May 2023. 95.1% – Average close to list price, compared to 94.5% in May 2023. Williamson County 1,000 – Residential homes sold, 11.3% less than May 2023. $435,000 – Median price for residential homes, 0.5% less than May 2023. 1,622 – New home listings on the market, 17.7% more than May 2023. 3,375 – Active home listings on the market, 34.8% more than May 2023. 1,007 – Pending sales, 1.4% less than May 2023. 3.9 – Months of inventory, 1.2 months more than May 2023. $490,783,958 – Total dollar volume of homes sold, 12.9% less than May 2023. 96.3% – Average close to list price, compared to 93.9% in May 2023. Hays County 466 – Residential homes sold, 2.4% more than May 2023. $389,850 – Median price for residential homes, 2.5% less than May 2023. 733 – New home listings on the market, 21.4% more than May 2023. 1,800 – Active home listings on the market, 27.2% more than May 2023. 464 – Pending sales, 17.8% more than May 2023. 4.9 – Months of inventory, 1.1 months more than May 2023. $239,753,087 – Total dollar volume of homes sold, 8.6% more than May 2023. 94.8% – Average close to list price, compared to 93.6% in May 2023. Bastrop County 138 – Residential homes sold, 9.8% less than May 2023. $349,995 – Median price for residential homes, 5.4% less than May 2023. 216 – New home listings on the market, 1.4% less than May 2023. 633 – Active home listings on the market, 15.7% more than May 2023. 116 – Pending sales, 8.7% less than May 2023. 5.5 – Months of inventory, 1.0 more than May 2023. $53,914,874 – Total dollar volume of homes sold, 17.0% less than May 2023. 95.2% – Average close to list price, compared to 93.6% in May 2023. Caldwell County 56 – Residential homes sold, flat to May 2023. $281,990 – Median price for residential homes, 4.9% less than May 2023. 61 – New home listings on the market, flat to May 2023. 128 – Active home listings on the market, 0.8% less than May 2023. 69 – Pending sales, 35.3% more than May 2023. 3.0 – Months of inventory, 0.1 months less than May 2023. $17,247,409 – Total dollar volume of homes sold, 8.9% less than May 2023. 97.0% – Average close to list price, compared to 96.0% in May 2023. For more information or to download the May 2024 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.

  Austin area experiences boost in sales as median price holds steady In April, closed listings across the Austin-Round Rock-Georgetown MSA increased 5.9% to 2,708 sales, the highest year-over-year increase in residential homes sold this year, while the median home price rose 1.1% to $469,998. The data demonstrates that there is a collective sense of confidence and optimism in the housing market among both homebuyers and sellers according to the latest Central Texas Housing Report. Clare Losey, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, provided insight into the sales growth across the MSA and what’s to come regarding interest rates. “The MSA experienced an increase in sales, indicating more opportunity in the market for all buyers. Despite the higher rate environment, the uptick in affordable inventory in the $300,000 range is allowing more first-time buyers to achieve homeownership. As we progress through the year, mortgage rates are expected to remain elevated with a slight possibility of a gradual decrease, which would result in an increase in buyers’ purchasing power.” Kent Redding, 2024 Unlock MLS and ABoR president, noted that there is still significant work to be done to address Austin’s affordability issue. “While we are excited to see more housing options emerge for buyers across the MSA, more work still needs to be done to create opportunities for homeownership within the city of Austin, particularly for first-time buyers, teachers, first responders and others who are finding it difficult to afford a home here. Our community needs to come together to advocate for housing reforms that allow for more types of housing across the city so that Austin’s future is one where everyone can afford to call the city home.”  Austin Round-Rock-Georgetown MSA 2,708 – Residential homes sold, 5.9% more than April 2023. $469,998 – Median price for residential homes, 1.1% more than April 2023. 5,131 – New home listings on the market, 26.1% more than April 2023. 10,808 – Active home listings on the market, 31.9% more than April 2023. 3,161 – Pending sales, 2.5% more than April 2023. 4.3 – Months of inventory, 1.2 months more than April 2023. $1,645,030,091 – Total dollar volume of homes sold, 8.9% more than April 2023. 95.6% – Average close to list price, compared to 93.8% in April 2023.   City of Austin 992 – Residential homes sold, 33.2% more than April 2023. $593,500 – Median price for residential homes, 6.0% more than April 2023. 2,046 – New home listings on the market, 51.8% more than April 2023. 4,113 – Active home listings on the market, 75.3% more than April 2023. 1,091 – Pending sales, 18.7% more than April 2023. 5.4 – Months of inventory, 2.3 months more than April 2023. $791,918,959 – Total dollar volume of homes sold, 45.9% more than April 2023. 95.3% – Average close to list price, compared to 95.4% in April 2023. Travis County 1,260 – Residential homes sold, 8.8% more than April 2023. $540,185 – Median price for residential homes, 1.9% more than April 2023. 2,585 – New home listings on the market, 27.3% more than April 2023. 5,507 – Active home listings on the market, 39.6% more than April 2023. 1,421 – Pending sales, 1.9% less than April 2023. 4.8 – Months of inventory, 1.5 months more than April 2023. $943,951,335 – Total dollar volume of homes sold, 14.1% more than April 2023. 95.1% – Average close to list price, compared to 94.6% in April 2023. Williamson County 939 – Residential homes sold, 4.9% more than April 2023. $435,000 – Median price for residential homes, 2.5% less than April 2023. 1,518 – New home listings on the market, 23.0% more than April 2023. 2,936 – Active home listings on the market, 26.3% more than April 2023. 1,036 – Pending sales, 0.5% more than April 2023. 3.4 – Months of inventory, 0.8 months more than April 2023. $458,816,371 – Total dollar volume of homes sold, 2.5% more than April 2023. 96.4% – Average close to list price, compared to 93.2% in April 2023. Hays County 348 – Residential homes sold, 0.9% more than April 2023. $408,169 – Median price for residential homes, 1.6% less than April 2023. 740 – New home listings on the market, 47.1% more than April 2023. 1,662 – Active home listings on the market, 29.3% more than April 2023. 500 – Pending sales, 22.2% more than April 2023. 4.5 – Months of inventory, 1.0 months more than April 2023. $181,672,755 – Total dollar volume of homes sold, 4.3% more than April 2023. 95.3% – Average close to list price, compared to 93.2% in April 2023. Bastrop County 118 – Residential homes sold, 0.9% more than April 2023. $352,000 – Median price for residential homes, 7.4% less than April 2023. 225 – New home listings on the market, 4.2% more than April 2023. 558 – Active home listings on the market, 10.5% more than April 2023. 132 – Pending sales, 11.4% less than April 2023. 4.8 – Months of inventory, 0.7 more than April 2023 $47,218,891 – Total dollar volume of homes sold, 0.7% less than April 2023. 94.4% – Average close to list price, compared to 93.0% in April 2023.  Caldwell County 43 – Residential homes sold, 4.9% more than April 2023. $293,990 – Median price for residential homes, 1.0% less than April 2023. 63 – New home listings on the market, 26.7% less than April 2023. 146 – Active home listings on the market, 9.0% more than April 2023. 72 – Pending sales, 50.0% more than April 2023. 3.5 – Months of inventory, 0.3 months more than April 2023. $13,370,739 – Total dollar volume of homes sold, 4.5% less than April 2023. 98.6% – Average close to list price, compared to 95.2% in April 2023. For more information or to download the April 2024 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.

  Housing inventory increases across area, four months of inventory available in multiple markets In March, new home listings across the Austin-Round Rock-Georgetown MSA jumped to 4,714 new listings, 10.2% more than March 2023, leading to multiple markets reaching four months of inventory, according to the latest Central Texas Housing Report released by Unlock MLS. The data indicates that homeowners have confidence in their ability to sell their homes for good value while buyers now have a larger selection of home options, helping to keep price growth flat. Clare Losey, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, noted that the increase in monthly inventory is a sign of a healthier and robust housing market. “The current housing market is more favorable for first-time homebuyers, with an uptick in new listings for the lowest priced homes. More inventory means more options tailored to buyers’ specific needs and interests, allowing them more personalization and choice of location when looking for their new home. It’s great to see the stability of the current market in the first quarter of 2024.” Kent Redding, 2024 Unlock MLS and ABoR president, provided further insight into current market conditions and the value of being represented by a licensed REALTOR®. “In an era marked by economic resilience and favorable market conditions, aspiring homeowners are finding exciting opportunities to realize their dreams of homeownership. Through the use of Unlock MLS, the largest source of Central Texas housing market data, agents are able to provide the most accurate and timely data to assist clients during the transaction process.” Austin Round-Rock-Georgetown MSA 2,563 – Residential homes sold, 0.3% less than March 2023. $450,000 – Median price for residential homes, flat to March 2023. 4,714 – New home listings on the market, 10.2% more than March 2023. 9,478 – Active home listings on the market, 7.6% more than March 2023. 3,116 – Pending sales, 9.4% more than March 2023. 3.8 – Months of inventory, 0.7 months more than March 2023. $1,485,910,275 – Total dollar volume of homes sold, 2.1% more than March 2023. 94.8% – Average close to list price, compared to 90.3% in March 2023.   City of Austin 900– Residential homes sold, 3.1% more than March 2023. $564,995 – Median price for residential homes, 2.7% more than March 2023. 1,812 – New home listings on the market, 4.9% more than March 2023. 3,430 – Active home listings on the market, 16.1% more than March 2023. 1,091 – Pending sales, 6.6% more than March 2023. 4.0 – Months of inventory, 1.4 months more than March 2023. $672,774,199 – Total dollar volume of homes sold, 6.7% more than March 2023. 94.6% – Average close to list price, compared to 94.2% in March 2023. Travis County 1,190 – Residential homes sold, 1.4% more than March 2023. $510,000 – Median price for residential homes, flat to March 2023. 2,320 – New home listings on the market, 3.3% more than March 2023. 4,695 – Active home listings on the market, 11.8% more than March 2023. 1,433 – Pending sales, 6.5% more than March 2023. 4.1 – Months of inventory, 1.3 months more than March 2023. $828,335,704 – Total dollar volume of homes sold, 5.1% more than March 2023. 94.5% – Average close to list price, compared to 94.6% in March 2023. Williamson County 869 – Residential homes sold, 6.9% less than March 2023. $420,000 – Median price for residential homes, 1.6% less than March 2023. 1,398 – New home listings on the market, 11.2% more than March 2023. 2,593 – Active home listings on the market, 3.2% less than March 2023. 1,100 – Pending sales, 11.8% more than March 2023. 3.0 – Months of inventory, flat to March 2023. $419,596,592 – Total dollar volume of homes sold, 7.8% less than March 2023. 95.4% – Average close to list price, compared to 81.4% in March 2023. Hays County 360 – Residential homes sold, 4.3% more than March 2023. $388,005 – Median price for residential homes, 0.5% less than March 2023. 689 – New home listings on the market, 23.0% more than March 2023. 1,518 – Active home listings on the market, 11.8% more than March 2023. 416 – Pending sales, 9.8% more than March 2023. 4.3 – Months of inventory, 0.6 months more than March 2023. $178,549,900 – Total dollar volume of homes sold, 6.3% more than March 2023. 94.9% – Average close to list price, compared to 93.4% in March 2023. Bastrop County 104 – Residential homes sold, 10.6% more than March 2023. $374,949 – Median price for residential homes, 2.0% more than March 2023. 231 – New home listings on the market, 40.0% more than March 2023. 516 – Active home listings on the market, 7.5% more than March 2023. 114 – Pending sales, 4.6% more than March 2023. 4.9 – Months of inventory, 0.7 more than March 2023. and the highest inventory in the MSA. $44,948,504 – Total dollar volume of homes sold, 25.0% more than March 2023. 92.4% – Average close to list price, flat to March 2023. Caldwell County 40 – Residential homes sold, 60.0% more than March 2023. $304,938 – Median price for residential homes, 0.6% more than March 2023. 76 – New home listings on the market, 55.1% more than March 2023. 156 – Active home listings on the market, 71.4% more than March 2023. 53 – Pending sales, 71.0% more than March 2023. 4.6 – Months of inventory, 0.3 months less than March 2023. $14,479,575 – Total dollar volume of homes sold, 73.6% more than March 2023. 95.3% – Average close to list price, compared to 95.2% in March 2023. For more information or to download the March 2024 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.    

    Unlock MLS: February data reveals increased opportunities for first-time homebuyers In February across the Austin-Round Rock-Georgetown MSA, new listings jumped 44.9% to 3,915 listings bringing the total months of inventory for the region to 3 months, up 0.1 months more than February 2023, according to the latest Central Texas Housing Report released by Unlock MLS. The data indicates that sellers are feeling more favorable about the market, while buyers have a broader range of home options to select from–specifically first-time homebuyers. Clare Losey, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, noted that February’s spike in new listings was concentrated among more affordable homes. “Higher home prices and mortgage rates have diminished affordability for first-time homebuyers over the past few years, but February provided encouragement for these aspiring homeowners. We’ve witnessed a significant surge in new listings, predominantly among more affordable and attainable homes—particularly those priced under $400,000. The increase in housing options presents a promising opportunity for Central Texans who want to become homeowners.” Kent Redding, 2024 Unlock MLS and ABoR president, provided further insight into current market conditions. “The spring homebuying season is typically a busy period, especially in the Austin area, where over 35% of annual sales occur between March and June. Buyers are keen on securing homes before the fall and the upcoming school year in August, drawn out by the enhanced curb appeal and favorable weather conditions. Through Unlock MLS, your REALTOR® can combine their expert local market knowledge with the most complete and accurate market data to help you make the best decision for your budget and housing needs.” Austin Round-Rock-Georgetown MSA 2,144 – Residential homes sold, 1.3% more than February 2023. $443,065 – Median price for residential homes, 1.2% more than February 2023. 3,915 – New home listings on the market, 44.9% more than February 2023. 7,991 – Active home listings on the market, 5.5% less than February 2023. 1,920 – Pending sales, 15.7% less than February 2023. 3.0 – Months of inventory, 0.1 months more than February 2023. $1,195,496,123 – Total dollar volume of homes sold, 0.1% less than February 2023. 95.4% – Average close to list price, compared to 92.2% in February 2023. City of Austin 717– Residential homes sold, 3.0% more than February 2023. $543,200 – Median price for residential homes, 2.8% less than February 2023. 1,476 – New home listings on the market, 41.7% more than February 2023. 2,785 – Active home listings on the market, 19.6% more than February 2023. 554 – Pending sales, 27.7% less than February 2023. 3.1 – Months of inventory, 0.8 months more than February 2023. $508,514,541– Total dollar volume of homes sold, 3.5% more than February 2023. 95.2% – Average close to list price, compared to 93.0% in February 2023. Travis County 953 – Residential homes sold, 1.1% more than February 2023. $500,000– Median price for residential homes, 0.1% more than February 2023. 1,958– New home listings on the market, 42.8% more than February 2023. 3,920 – Active home listings on the market, 12.8% more than February 2023. 815 – Pending sales, 19.8% less than February 2023. 3.2 – Months of inventory, 0.6 months more than February 2023. $634,113,309 – Total dollar volume of homes sold, 5.8% more than February 2023. 95.2% – Average close to list price, compared to 92.7% in February 2023. Williamson County 777 – Residential homes sold, 2.0% more than February 2023. $423,000 – Median price for residential homes, 1.9% more than February 2023. 1,172 – New home listings on the market, 41.7% more than February 2023. 2,234 – Active home listings on the market, 26.6% less than February 2023. 655 – Pending sales, 19.4% less than February 2023. 2.4 – Months of inventory, 0.6 months less than February 2023. $369,621,394 – Total dollar volume of homes sold, 4.6% more than February 2023. 95.5% – Average close to list price, compared to 92.3% in February 2023. Hays County 290 – Residential homes sold, 6.5% less than February 2023. $385,000 – Median price for residential homes, 1.6% less than February 2023. 549 – New home listings on the market, 56.4% more than February 2023. 1,289 – Active home listings on the market, 8.1% less than February 2023. 312 – Pending sales, 4.3% less than February 2023. 3.4 – Months of inventory, 0.3 months less than February 2023. $139,721,421– Total dollar volume of homes sold, 5.2% less than February 2023. 95.3% – Average close to list price, compared to 91.7% in February 2023. Bastrop County 92 – Residential homes sold, 7.0% more than February 2023. $351,875 – Median price for residential homes, 7.2% less than February 2023. 160 – New home listings on the market, 32.2% more than February 2023. 420 – Active home listings on the market, 3.7% less than February 2023. 96 – Pending sales, 4.3% more than February 2023. 3.8 – Months of inventory, 0.4 months less than February 2023 and the highest inventory in the MSA. $39,384,615– Total dollar volume of homes sold, 10.3% more than February 2023. 95.4% – Average close to list price, compared to 90.8% in February 2023. Caldwell County 31 – Residential homes sold, 93.8% more than February 2023. $299,900– Median price for residential homes, 9.0% less than February 2023. 76 – New home listings on the market, 137.5% more than February 2023. 126– Active home listings on the market, 22.3% more than February 2023. 38 – Pending sales, 26.7% more than February 2023. 3.7 – Months of inventory, 0.5 months more than February 2023. $11,755,385– Total dollar volume of homes sold, 115.5% more than February 2023. 96.7% – Average close to list price, compared to 99.9% in February 2023. For more information or to download the February 2024 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.

    January data signals optimism in 2024 for Austin area The first market analysis of the year released by Unlock MLS shows an increase in residential homes sold, up 4.3% to 1,667 closed sales, and an uptick in pending sales, which rose 3.8% to 2,480 listings, according to the latest Central Texas Housing Market Report. The data demonstrates that more options are available for potential homebuyers and sellers are feeling optimistic moving into 2024. Clare Losey, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, noted that although still elevated, the recent decline in mortgage rates is contributing to lower home prices and the increase in closed sales activity. “January marks the fifteenth consecutive month of year-over-year median sales price declines in the Austin Round Rock housing market, empowering more homebuyers to enter our market. Mortgage rates peaked in late October before declining in November and December, providing a boost to buyer’s purchasing power, which is borne out in the increase in residential homes sold in January. While there are more options available for homebuyers in our market today, more work needs to be done to ensure more affordable housing is available in Central Texas. ABoR will continue to work to champion housing policies aimed at assisting those who need it the most and collaborate with Austin City Council.” Kent Redding, 2024 Unlock MLS and ABoR president, provided some background on how the organization analyzes housing data using Unlock MLS. “Unlock MLS provides REALTORS® with the most comprehensive and up-to-date listing data in Central Texas,” Kent Redding, 2024 Unlock MLS and ABoR president, said. “Our commitment lies in fostering a dependable and transparent marketplace, providing Central Texans access to the industry’s most accurate housing data. We look forward to providing a timelier monthly glimpse and analysis of the Austin-area housing market.” Austin Round-Rock MSA 1,667 – Residential homes sold, 4.3% more than January 2023. $430,000 – Median price for residential homes, 4.4% less than January 2023. 3,064– New home listings on the market, 5.1% more than January 2023. 7,976– Active home listings on the market, 3.6% less than January 2023. 2,480 – Pending sales, 3.8% more than January 2023. 3.2 – Months of inventory, 0.2 months more than January 2023. $892,581,695– Total dollar volume of homes sold, 0.1% less than January 2023.     City of Austin 520 – Residential homes sold, 0.6% less than January 2023. $534,500 – Median price for residential homes, 2.8% less than January 2023. 979 – New home listings on the market, 4.8% less than January 2023. 2,691 – Active home listings on the market, 7.7% more than January 2023. 788 – Pending sales, 0.6% more than January 2023. 3.2 – Months of inventory, 0.7 months more than January 2023. $348,321,203– Total dollar volume of homes sold, 7.3% less than January 2023. Travis County 712 – Residential homes sold, 4.9% less than January 2023. $478,500– Median price for residential homes, 3.3% less than January 2023. 1,398– New home listings on the market, 1.1% less than January 2023. 3,819 – Active home listings on the market, 4.3% more than January 2023. 1,043 – Pending sales, 4.0% less than January 2023. 3.4 – Months of inventory, 0.6 months more than January 2023. $447,677,093 – Total dollar volume of homes sold, 7.8% less than January 2023. Williamson County 607 – Residential homes sold, 9.6% more than January 2023. $429,000 – Median price for residential homes, 2.5% less than January 2023. 992 – New home listings on the market, 9.5% more than January 2023. 2,307 – Active home listings on the market, 16.8% less than January 2023. 897 – Pending sales, 4.5% more than January 2023. 2.6 – Months of inventory, 0.3 months less than January 2023. $287,126,634 – Total dollar volume of homes sold, 6.7% more than January 2023. Hays County 251 – Residential homes sold, 4.6% more than January 2023. $366,140 – Median price for residential homes, 11.8% less than January 2023. 450 – New home listings on the market, 8.4% more than January 2023. 1,281 – Active home listings on the market, 0.4% less than January 2023. 383 – Pending sales, 10.7% more than January 2023. 3.7 – Months of inventory, 0.1 months more than January 2023. $117,387,841– Total dollar volume of homes sold, 0.6% more than January 2023. Bastrop County 81 – Residential homes sold, 58.8% more than January 2023. $366,018 – Median price for residential homes, 4.6% more than January 2023. 183 – New home listings on the market, 33.6% more than January 2023. 454 – Active home listings on the market, 3.8% less than January 2023. 118 – Pending sales, 45.7% more than January 2023. 4.5 – Months of inventory, 0.2 months less than January 2023 and the highest inventory in the MSA. $32,822,238– Total dollar volume of homes sold, 60.8% more than January 2023. Caldwell County 16 – Residential homes sold, 220.0% more than January 2023. $303,990– Median price for residential homes, 9.3% less than January 2023. 41 – New home listings on the market, 6.8% less than January 2023. 115 – Active home listings on the market, 36.9% more than January 2023. 39 – Pending sales, 105.3% more than January 2023. 3.7 – Months of inventory, 0.2 months more than January 2023. $7,567,890– Total dollar volume of homes sold, 363.3% more than January 2023. For more information or to download the January 2024 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.    

    2023 Central Texas housing market performance underscores need for improved housing affordability Home sales accounted for more than $17 billion in economic activity in 2023 In 2023, the median price for a home in the Austin-Round Rock MSA decreased 10.2% to $450,000, according to the Austin Board of REALTORS® December 2023 and Year-End Central Texas Housing Market Report. When compared to the steep 24.2% decline in pending sales in 2022, 2023 saw a slight 3.0% decline to 30,353 sales emphasizing that the Central Texas housing market continues to find its footing despite macroeconomic factors impacting the broader housing market and economy. “In 2023 the Austin-Round Rock MSA housing market continued its move towards a more sustainable pace,” Kent Redding, 2024 ABoR president, said. “Housing inventory reached the highest level it's been in more than eight years, and while there was a drop in closed sales and median close price, these were both symptomatic of higher mortgage rates. In the current housing market, prospective homebuyers and sellers should engage the services of an expert REALTOR® who can help navigate the real estate transaction process. Buyers can utilize this favorable market condition to get pre-qualified while sellers can use the time afforded by the balanced market to enhance their property before listing it for sale.” In 2023, sales dollar volume in the MSA dropped 17.0% to yield a $17,498,390,950 on the Austin-area economy. At the same time, new listings dipped 7.0% ending the year at 42,623 listings. In the month of December, closed listings across the MSA declined 8.9% to 2,295 year-over-year as sales dollar volume decreased 8.5% to $1,270,818,458. The median sales price dropped 1.4% to $443,753. New listings increased 8.4% to 1,956 listings, active listings ticked up 4.6% to 7,717 listings, and pending sales rose 13.8% in December to 2,082 sales. Last month, homes spent an average of 84 days on the market, 9 more compared to December 2022. Clare Losey, Ph.D., housing economist for ABoR, identified higher mortgage rates as being the biggest constraint for potential homebuyers in 2023 and underscores the lack of housing accessibility, specifically for first-time homebuyers. “The single biggest factor constraining the Central Texas housing market in 2023 was the gradual rise in mortgage rates, which peaked in late October. This caused sellers, and buyers essentially, to continually readjust to the current rate environment. While we have seen some leveling off in home prices, the Central Texas region still lacks a sufficient inventory of affordable homes for sale, especially those homes priced below $300,000, which is keeping many would-be first-time homebuyers on the sidelines.” When looking to 2024, Losey foresees annual trends to be relatively consistent with this year and mentions that current data is favorable compared to pre-pandemic numbers. “Home prices and sales will likely remain essentially flat, to the tune of a 5.0% increase or decrease year over year in 2024. While the market continues to find its footing, it’s noteworthy that total sales dollar volume is up 30.5%, there are 21.9% more active listings and 38.4% more months of inventory today than there were five years ago. Housing demand is still strong and the uptick in the inventory of homes for sale in 2023 has provided more options for repeat buyers.” Redding emphasized the need of working to address the challenge of housing Central Texas’ rapidly growing population. “Housing is the most crucial infrastructure within a community. Our housing market is still demand driven and the anomalies over the past three years were unsustainable. We still have a desirable and sought-after market, but our community, city and elected officials must prioritize tackling the housing accessibility challenges. ABoR will continue to advocate for making homeownership attainable to more Austinites and looks forward to continuing to participate as a stakeholder in important policy discussions and providing recommendations to make the greatest impact on our housing supply.”     City of Austin 2023 8,554 – Residential homes sold, 14.9% less than 2022. $540,000 – Median price for residential homes, 8.2% less than 2022. 13,362 – New home listings on the market, 4.3% less than 2022. 2,489 – Active home listings on the market, 57.5% more than 2022. 8,579 – Pending sales, 9.7% less than 2022. $5,943,650,502 – Total dollar volume of homes sold, 19.0% less than 2022. December 2023 558 – Residential homes sold, 8.4% less than December 2022. $511,250 – Median price for residential homes, 1.7% less than December 2022. 540 – New home listings on the market, 11.3% more than December 2022. 2,140 – Active home listings on the market, 21.1% more than December 2022. 549 – Pending sales, 7.2% more than December 2022. 3.0 – Months of inventory, 0.9 months more than December 2022. $356,934,322 – Total dollar volume of homes sold, 10.0% less than December 2022. Travis County 2023 13,664 – Residential homes sold, 13.3% less than 2022. $523,800 – Median price for residential homes, 8.9% less than 2022. 20,827 – New home listings on the market, 5.6% less than 2022. 4,170 – Active home listings on the market, 54.3% more than 2022. 13,670 – Pending sales, 7.5% less than 2022. $9,501,653,000 – Total dollar volume of homes sold, 18.0% less than 2022. December 2023 915 – Residential homes sold, 8.9% less than December 2022. $527,500 – Median price for residential homes, 2.4% more than December 2022. 896 – New home listings on the market, 8.9% more than December 2022. 3,581 – Active home listings on the market, 14.3% more than December 2022. 890 – Pending sales, 8.0% more than December 2022. 3.1 – Months of inventory, 0.7 months more than December 2022. $628,104,180 – Total dollar volume of homes sold, 4.8% less than December 2022. Williamson County 2023 10,414 – Residential homes sold, 9.6% less than 2022. $430,000 – Median price for residential homes, 10.0% less than 2022. 12,828 – New home listings on the market, -16.0% less than 2022. 2,533 – Active home listings on the market, 30.6% more than 2022. 10,337 – Pending sales, 2.4% less than 2022. $5,102,558,914 – Total dollar volume of homes sold, 17.0% less than 2022. December 2023 872 – Residential homes sold, 10.1% less than December 2022. $425,000 – Median price for residential homes, 2.3% less than December 2022. 577 – New home listings on the market, 2.5% less than December 2022. 2,156 – Active home listings on the market, 14.8% less than December 2022. 718 – Pending sales, 11.3% more than December 2022. 2.5 – Months of inventory, 0.1 months less than December 2022. $412,864,151 – Total dollar volume of homes sold, 14.0% less than December 2022. Hays County 2023 4,423 – Residential homes sold, 0.1% less than 2022. $397,330 – Median price for residential homes, 9.7% less than 2022. 5,989 – New home listings on the market, 6.8% more than 2022. 1,407 – Active home listings on the market, 72.2% more than 2022. 4,407 – Pending sales, 9.6% more than 2022. $2,162,632,140 – Total dollar volume of homes sold, 13.6% less than 2022. December 2023 362 – Residential homes sold, 4.7% less than December 2022. $401,500 – Median price for residential homes, 5.0% less than December 2022. 335 – New home listings on the market, 39.0% more than December 2022. 1,311 – Active home listings on the market, 17.9% more than December 2022. 330 – Pending sales, 18.7% more than December 2022. 3.6 – Months of inventory, 0.6 months more than December 2022. $174,205,270 – Total dollar volume of homes sold, 7.0% less than December 2022. Bastrop County 2023 1,421 – Residential homes sold, 6.1% less than 2022. $350,210 – Median price for residential homes, 11.3% less than 2022. 2,208 – New home listings on the market, 0.9% less than 2022. 533 – Active home listings on the market, 61.0% more than 2022. 1,415 – Pending sales, 1.4% more than 2022. $560,854,895 – Total dollar volume of homes sold, 15.9% less than 2022. December 2023 108 – Residential homes sold, 12.2% less than December 2022. $364,450 – Median price for residential homes, 3.5% more than December 2022. 109 – New home listings on the market, 6.0% less than December 2022. 497 – Active home listings on the market, 0.2% less than December 2022. 109 – Pending sales, 87.9% more than December 2022. 4.2 – Months of inventory, 0.3 months more than December 2022 and the highest inventory in the MSA. $42,362,462 – Total dollar volume of homes sold, 13.0% less than December 2022. Caldwell County 2023 516 – Residential homes sold, 0.8% more than 2022. $299,990 – Median price for residential homes, 10.5% less than 2022. 771 – New home listings on the market, 15.4% more than 2022. 148 – Active home listings on the market, 100.0% more than 2022. 524 – Pending sales, 4.4% more than 2022. $166,940,902 – Total dollar volume of homes sold, 8.7% less than 2022. December 2023 38 – Residential homes sold, 9.5% less than December 2022. $321,990 – Median price for residential homes, 2.6% more than December 2022. 39 – New home listings on the market, 18.2% more than December 2022. 172 – Active home listings on the market, 62.3% more than December 2022. 35 – Pending sales, 40.0% more than December 2022. 4.0 – Months of inventory, 1.5 months more than December 2022. $11,915,163 – Total dollar volume of homes sold, 11.6% less than December 2022. For more information or to download the December 2023 and Year-End Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.    

    Home sales in Austin remain strong despite continued higher rates Housing inventory increases while median sales prices drop 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. “Buyers in Central Texas now have a more abundant selection of homes to peruse than in previous years,” Ashley Jackson, 2023 ABoR president, said. “The drop in median home prices indicates buyers can be a little more selective in the search for a home that checks all their boxes. For buyers actively shopping for a home—and those who have been sitting on the fence waiting for their time to strike—now is the time to contact your REALTOR® and get serious about buying a home.” 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. Clare Losey, Ph.D., housing economist for ABoR, noted that elevated mortgage rates are contributing to the decline in home prices and an increase in active listings as homes remain on the market for longer. “A rise in mortgage rates reduces buyers' purchasing power, so the moderation in home prices helped to offset some of the decline in affordability. However, rates peaked in late October and early November, signaling a rise in buyers’ purchasing power moving into 2024." The Austin City Council recently passed Phase I of the Home Options for Middle-income Empowerment initiative, which will create more homeownership and rental options for current and future residents through a balanced approach. As ABoR and residents in the Central Texas area continue to advocate for more housing inventory and attainable housing options across the region, Losey shared that the jump in listings is an encouraging sign for buyers. "The year-over-year uptick in new and active listings provides buyers with more options, which is a welcome reprieve from the starved market many have endured in recent years. While this current increase in listings gives our market some breathing room, our city should embrace opportunities to generate more housing supply."     City of Austin 516 – Residential homes sold, 6.0% less than November 2022. $518,000 – Median price for residential homes, 1.3% more than November 2022. 788 – New home listings on the market, 14.7% more than November 2022. 2,747 – Active home listings on the market, 20.4% more than November 2022. 493 – Pending sales, 3.3% less than November 2022. 3.8 – Months of inventory, 1.2 months more than November 2022. $350,511,473 – Total dollar volume of homes sold, 2.2% less than November 2022. Travis County 840 – Residential homes sold, 6.9% less than November 2022. $510,000 – Median price for residential homes, 1.9% less than November 2022. 1,240 – New home listings on the market, 14.2% more than November 2022. 4,489 – Active home listings on the market, 15.2% more than November 2022. 838 – Pending sales, 4.0% more than November 2022. 3.9 – Months of inventory, 1.1 months more than November 2022. $571,627,789 – Total dollar volume of homes sold, 8.5% less than November 2022. Williamson County 697 – Residential homes sold, -6.4% less than November 2022. $416,545 – Median price for residential homes, 3.1% less than November 2022. 818 – New home listings on the market, 0.4% less than November 2022. 2,587 – Active home listings on the market, 12.2% less than November 2022. 763 – Pending sales, 4.2% more than November 2022. 3.0 – Months of inventory, the same amount as November 2022. $322,184,052 – Total dollar volume of homes sold, 11.7% less than November 2022. Hays County 381 – Residential homes sold, 41.6% more than November 2022. $368,995 – Median price for residential homes, 10.3% less than November 2022. 431 – New home listings on the market, 39.9% more than November 2022. 1,503 – Active home listings on the market, 20.0% more than November 2022. 339 – Pending sales, 41.8% more than November 2022. 4.0 – Months of inventory, 0.6 months more than November 2022. $169,825,434 – Total dollar volume of homes sold, 22.6% more than November 2022. Bastrop County 88 – Residential homes sold, 17.0% less than November 2022. $346,000 – Median price for residential homes, 3.5% less than November 2022. 147 – New home listings on the market, 2.1% more than November 2022. 566 – Active home listings on the market, 12.5% more than November 2022. 96 – Pending sales, 24.7% more than November 2022. 4.7 – Months of inventory, 0.8 months more than November 2022 and the highest inventory in the MSA. $33,671,470 – Total dollar volume of homes sold, 24.3% less than November 2022. Caldwell County 59 – Residential homes sold, 51.3% more than November 2022. $313,275 – Median price for residential homes, 5.1% less than November 2022. 40 – New home listings on the market, 2.6% more than November 2022. 189 – Active home listings on the market, 70.3% more than November 2022. 29 – Pending sales, 6% less than November 2022. 4.3 – Months of inventory, 1.7 months more than November 2022. $19,075,593 – Total dollar volume of homes sold, 45.6% more than November 2022. For more information or to download the November 2023 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.    

ABoR: Buyers willing to enter market despite higher interest rates Closed sales increase, median price declines across MSA 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. “An increase in sales and a jump in pending sales indicates buyers continue to enter the market and are finding more bargaining power throughout the transaction,” Ashley Jackson, 2023 ABoR president, said. “The market is still normalizing, and as we look to the end of the year, it’s important to remember that working with a REALTORⓇ who can share their expertise and help buyers and sellers alike, is the surest path to success in this market.” 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. Clare Losey, Ph.D., housing economist for ABoR, noted that interest rates from late summer did not prevent buyers from showing a willingness to enter the market in October. “Despite higher mortgage rates this summer and fall, closed sales across the MSA rose 4.1% year over year in October to 2,337 sales. With the close to original list price ratio hitting 93.1% in October, it is also a reminder that buyers have more negotiating power than at virtually any point since March 2020.” Losey noted that the decrease in median sales price year over year pales in comparison to the equity gained over a longer period of time. “The median price is still 44% higher than it was in September 2018. Homeownership is still the best way to create generational wealth, and the region would benefit from reforms and policies that make homes more attainable and buying more accessible for people across different income levels.” Jackson also added that ABoR’s newest research report, “The Truth About Austin’s Missing Housing -District Level Analysis,” sheds light on the severe undersupply of housing by City Council District and among five racial/ethnic groups, and what elected officials and policy makers can do to address the challenge. “While we have seen noteworthy progress from local leaders, there is still so much to be done. Any new housing policies that don’t take this data in mind will not be a true housing solution. We must continue to work to increase the abundance and variety of housing to ensure that anyone who wants to buy a home in Austin can do so, and at a price point they can afford.” City of Austin 602 – Residential homes sold, 3.5% less than October $540,000 – Median price for residential homes, 1.8% less than October 977 – New home listings on the market, 2.6% less than October 2,917 – Active home listings on the market, 12.7% more than October 564 – Pending sales, 3.3% more than October 4.1 – Months of inventory, 1.3 months more than October 2022. $413,742,262 – Total dollar volume of homes sold, 4.4% less than October Travis County 957 – Residential homes sold, 7.7% less than October $524,500 – Median price for residential homes, 1.2% less than October 1,519 – New home listings on the market, 1.8% less than October 4,798 – Active home listings on the market, 9.6% more than October 909 – Pending sales, 0.3% less than October 4.2 – Months of inventory, 1.2 months more than October 2022. $668,881,399 – Total dollar volume of homes sold, 7.2% less than October Williamson County 844 – Residential homes sold, 11.2% more than October $424,990 – Median price for residential homes, 7.1% less than October 985 – New home listings on the market, 8.5% less than October 2,786 – Active home listings on the market, 12.6% less than October 794 – Pending sales, 14.1% more than October 3.2 – Months of inventory, the same amount as October 2022. $403,613,886 – Total dollar volume of homes sold, 4.1% more than October Hays County 360– Residential homes sold, 21.6% more than October $373,294 – Median price for residential homes, 8.7% less than October 463 – New home listings on the market, 21.5% more than October 1,594 – Active home listings on the market, 24.7% more than October 370 – Pending sales, 44.5% more than October 4.4 – Months of inventory, 1.0 month more than October 2022. $167,405,638 – Total dollar volume of homes sold, 6.3% more than October Bastrop County 125 – Residential homes sold, 6.8% more than October $349,850 – Median price for residential homes, 3.9% less than October 168 – New home listings on the market, 2.9% less than October 570 – Active home listings on the market, 16.1% more than October 125 – Pending sales, 5.9% more than October 4.7 – Months of inventory, 0.9 months more than October 2022 and the highest inventory in the MSA. $49,146,166 – Total dollar volume of homes sold, 1.8% less than October Caldwell County 51 – Residential homes sold, 45.7% more than October $318,480 – Median price for residential homes, 0.2% more than October 67 – New home listings on the market, 31.4% more than October 194 – Active home listings on the market, 71.7% more than October 2022. 59 – Pending sales, 73.5% more than October 4.6 – Months of inventory, 1.9 months more than October 2022. $16,851,436 – Total dollar volume of homes sold, 50.8% more than October For more information or to download the October 2023 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.

Austin-Round Rock MSA housing market inventory hits highest level in over eight years  Slowing sales indicate affordability constraints for buyers 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Ⓡ. “It's imperative for Central Texans to have a game plan and strategize with their REALTORⓇ when navigating the housing market,” Ashley Jackson, 2023 ABoR president, said. “It’s also important to understand that the housing market today is no longer the housing market of the past few years. The benefit of this for buyers is they can take advantage of this extra time to get pre-qualified, while sellers can improve their home’s curb appeal. These intentional preparations will result in better experiences and outcomes on both sides of the transaction.” 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. There were 2,387 residential homes sold across the MSA, a 18.2% decrease from September 2022. As the inventory of homes for sale continues to increase, Clare Losey, Ph.D., housing economist for ABoR, noted that there is still a limited supply of affordable housing options available for Austin residents. “While our current market shows signs of health with more housing supply becoming available, they are not necessarily attractive options for first-time homebuyers or those shopping for more affordable homes. The current inventory level across the MSA demonstrates that while we’ve seen a steady increase in supply over the past year, many of these homes are not attainable for the average Austin resident.” Losey noted that the current market activity, namely the decline in closed sales, could point to a number of factors, including the lack of affordable housing options available, a higher rate environment and a potential disconnect between sellers and the market, which she mentioned can be mitigated by working with a trusted REALTOR®. “Sellers who cling to the housing market of the past few years are doing themselves a disservice, as the housing market and mortgage rates are ever evolving. REALTORSⓇ know how to expertly navigate these dynamic factors and price homes for the current state of the market.” Jackson also added that REALTORSⓇ offer more assistance than just negotiating and executing a contract. “REALTORS® offer expertise and counsel to our clients, and that is crucial now more than ever, especially when considering entering a housing market that may seem inaccessible and daunting to buyers and sellers alike. We offer guidance and insight to sellers on improvement projects that are most likely to impact resale value while educating buyers on the total cost of owning and maintaining a home, providing resources like assistance programs that could be applicable to a client.” City of Austin 682 – Residential homes sold, 13.3% less than September 2022. $536,028 – Median price for residential homes, 2.5% less than September 2022. 1,116 – New home listings on the market, 11.2% less than September 2022. 2,968 – Active home listings on the market, 14.2% more than September 2022. 628 – Pending sales, 2.6% more than September 2022. 4.1 – Months of inventory, 1.4 months more than September 2022. $463,473,176 – Total dollar volume of homes sold, 15.4% less than September 2022. Travis County 1,085 – Residential homes sold, 12.7% less than September 2022. $525,000 – Median price for residential homes, 4.2% less than September 2022. 1,737 – New home listings on the market, 12.9% less than September 2022. 4,875 – Active home listings on the market, 9.4% more than September 2022. 994 – Pending sales, 0.5% more than September 2022. 4.2 – Months of inventory, 1.2 months more than September 2022. $768,624,857 – Total dollar volume of homes sold, 12.0% less than September 2022. Williamson County 791 – Residential homes sold, 20.4% less than September 2022. $426,752 – Median price for residential homes, 6.1% less than September 2022. 1,070 – New home listings on the market, 10.5% less than September 2022. 2,873 – Active home listings on the market, 10.6% less than September 2022. 807 – Pending sales, 9.7% more than September 2022. 3.3 – Months of inventory, 0.2 months more than September 2022. $388,535,209 – Total dollar volume of homes sold, 23.4% less than September 2022. Hays County 341– Residential homes sold, 30.3% less than September 2022. $400,000 – Median price for residential homes, 4.3% less than September 2022. 557 – New home listings on the market, 19.0% more than September 2022. 1,685 – Active home listings on the market, 37.9% more than September 2022. 356 – Pending sales, 24.5% more than September 2022. 4.7 – Months of inventory, 1.5 months more than September 2022. $169,681,296 – Total dollar volume of homes sold, 38.1% less than September 2022. Bastrop County 133 – Residential homes sold, 11.9% less than September 2022. $340,000 – Median price for residential homes, 10.7% less than September 2022. 199 – New home listings on the market, 6.1% less than September 2022. 610 – Active home listings on the market, 23.5% more than September 2022. 112 – Pending sales, 5.9% less than September 2022. 5.0 – Months of inventory, 1.2 months more than September 2022 and the highest inventory in the MSA. $50,253,715 – Total dollar volume of homes sold, 22.9% less than September 2022. Caldwell County 37– Residential homes sold, 9.8% less than September 2022. $289,330 – Median price for residential homes, 13.9% less than September 2022. 81 – New home listings on the market, 68.8% more than September 2022. 192 – Active home listings on the market, 77.8% more than September 2022. 51 – Pending sales, 112.5% more than September 2022. 4.7 – Months of inventory, 2.1 months more than September 2022. $11,872,930 – Total dollar volume of homes sold, 11.0% less than September 2022. For more information or to download the September 2023 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.

Increase in closed sales indicate continued buyer confidence across Austin-Round Rock MSA housing market Inventory increases across MSA, meaning more homes are available In the Austin-Round Rock MSA, closed sales rose by 1.4% to 2,939 sales, the first increase in closed sales year over-year since February 2022, according to Austin Board of REALTORS® August 2023 Central Texas Housing Market Report. Through the Austin-Round Rock MSA, the region also experienced an 8.8% month-over-month increase in closed sales, a healthy indication of buyer confidence in the market. Housing inventory also continues to show gradual progress with a year-over-year increase of 1.0 month to 3.8 months of inventory. “Austin’s current housing market allows for potential home buyers to be picky,” Ashley Jackson, 2023 ABoR president, said. “With housing inventory increasing across Central Texas, buyers—especially first-time home buyers—can take their time searching for a home that checks all their boxes. When compared to the past two years of highly competitive market activity, this is both a welcome reprieve and perfect opportunity for buyers looking to enter the market. Now is the time to take advantage of the increase in leverage that buyers now have.” In August, sales dollar volume fell 6.0% to $1,713,589,878, while homes spent an average of 60 days on the market, up 28 days from August 2022 across the Austin-Round Rock MSA. The median price slightly dropped 7.6% to $460,000 while new listings ticked up 0.3% to 4,084 listings, active listings jumped 12.2% to 9,955 listings and pending listings rose slightly 2.0% to 2,686 listings. While housing inventory continues to show signs of improvement, Clare Losey, Ph.D., housing economist for ABoR, pointed out that despite this uptick in inventory, there is a limited supply. “In August, amidst an elevated interest rate environment, the rise in sales—both year-over-year and month-over-month—indicates that buyers are purchasing homes because it is a good investment. However, there is still an inadequate supply of homes in the region, especially affordable housing options. ABoR’s Central Texas Housing Development Fees Analysis, released in July 2022, shows that Austin’s drastically high development fees pose a significant barrier to new home construction and thereby diminish growth of our housing supply, especially when compared to other development fees in other Central Texas cities and major metropolitan Texas areas. Higher mortgage rates have led potential sellers to wait longer before entering the market, further constraining the supply of homes for sale.” With interest rates expected to change once again before the end of the year, Losey advises both buyers and sellers to remain up to speed on the varying factors impacting the market so they can make the best decision. “It’s important to note that it takes time for current mortgage rates to trickle into the market. Moving forward, any predictions about our current housing market become particularly difficult in light of all the moving factors at play. With the Federal Reserve expected to increase interest rates in either November or December of this year, this could induce upward pressure on mortgage rates, which would mean less buying power for buyers this fall.” Jackson noted that whether you plan on buying or selling a home this fall, staying informed with the help of your REALTORⓇ is your best option. “An increase in inventory combined with median home prices dropping–both changes we’ve seen across the market–show that the Austin-Round Rock MSA market is active and resilient.” City of Austin 858 – Residential homes sold, 1.3% less than August 2022. $541,000 – Median price for residential homes, 0.7% less than August 2022. 1,191 – New home listings on the market, 1.9% more than August 2022. 2,879 – Active home listings on the market, 22.8% more than August 2022. 759 – Pending sales, 5.8% less than August 2022. 3.9 – Months of inventory, 1.5 months more than August 2022. $594,479,723 – Total dollar volume of homes sold, 3.4% less than August 2022. Travis County 1,355 – Residential homes sold, 1.6% less than August 2022. $534,500 – Median price for residential homes, 4.8% less than August 2022. 1,921 – New home listings on the market, 2.4% more than August 2022. 4,772 – Active home listings on the market, 17.7% more than August 2022. 1,205 – Pending sales, 4.1% less than August 2022. 4.1 – Months of inventory, 1.4 months more than August 2022. $941,065,528 – Total dollar volume of homes sold, 7.5% less than August 2022. Williamson County 971 – Residential homes sold, 1.7% more than August 2022. $435,516 – Median price for residential homes, 8.7% less than August 2022. 1,241 – New home listings on the market, 14.7% less than August 2022. 2,867 – Active home listings on the market, 7.9% less than August 2022. 906 – Pending sales, 5.7% more than August 2022. 3.2 – Months of inventory, 0.3 months more than August 2022. $494,684,214 – Total dollar volume of homes sold, 4.6% less than August 2022. Hays County 417 – Residential homes sold, 5.3% more than August 2022. $394,990 – Median price for residential homes, 10.1% less than August 2022. 586 – New home listings on the market, 22.3% more than August 2022. 1,550 – Active home listings on the market, 33.9% more than August 2022. 384 – Pending sales, 8.2% more than August 2022. 4.2 – Months of inventory, 1.1 months more than August 2022. $204,932,717 – Total dollar volume of homes sold, 6.0% less than August 2022. Bastrop County 154 – Residential homes sold, 29.4% more than August 2022. $339,990 – Median price for residential homes, 15.0% less than August 2022. 244 – New home listings on the market, 18.5% more than August 2022. 586 – Active home listings on the market, 28.0% more than August 2022. 146 – Pending sales, 19.7% more than August 2022. 4.8 – Months of inventory, 1.2 months more than August 2022 and the highest inventory in the MSA. $58,611,157 – Total dollar volume of homes sold, 15.4% more than August 2022. Caldwell County 42 – Residential homes sold, 17.7% less than August 2022. $299,990 – Median price for residential homes, 6.9% less than August 2022. 92 – New home listings on the market, 61.4% more than August 2022. 180 – Active home listings on the market, 95.7% more than August 2022. 45 – Pending sales, 4.7% more than August 2022. 4.4 – Months of inventory, 2.2 months more than August 2022. $13,170,575 – Total dollar volume of homes sold, 31.2% less than August 2022. For more information or to download the August 2023 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.

Austin-Round Rock MSA housing market demonstrates resilience despite high interest rates According to the Austin Board of REALTORS® July 2023 Central Texas Housing Market Report, closed listings increased 0.6% year-over-year to 2,815 closed sales across the Austin-Round Rock MSA. When considering July 2022 is when the market initially began to stabilize, and when combined with pending sales rising 14.5% to 2,892 pending sales, the housing market is poised for a strong finish to 2023. “July’s housing market activity underscores the resiliency within the MSA’s market,” Ashley Jackson, 2023 ABoR president, said. “We now have a direct year-over-year comparison of when our market began stabilizing, and the big fluctuations we’ve previously seen have started to even out. Potential buyers who have been on the fence about purchasing a home should know interest rates are settling, and now is the time to act. Working with an experienced REALTOR® is the best thing you can do because they can help you make quick and confident decisions.” In July across the Austin-Round Rock MSA, sales dollar volume dropped 7.2% to $1,668,708,916, while homes spent an average of 59 days on the market, up 37 days from July 2022. The median price also dropped 10.3% to $462,000 and new listings fell 23.7% to 3,884 listings. Active listings increased 12.8% to 9,663 active listings while housing inventory increased 1.0 months to 3.7 months of inventory. Clare Losey, Ph.D., housing economist for ABoR, weighed in on the recent rise in sales and provided an update on what is expected for the latter half of the year. “With a rise in pending sales and closed sales remaining consistent, this further indicates that buyers are becoming more accustomed to the higher interest rate environment and understand that elevated mortgage rates may continue. We are seeing a year-over-year decline in median sales prices, as buyers cannot afford the same price points with these higher rates. Looking ahead, the odds of Central Texas experiencing a recession continue to decline with each passing month. Despite mortgage rates rising, Austin’s economy which is fueled by a strong labor market–continues to outperform national expectations.” Losey added that although the market is steady, affordability remains a constraint. “In 2023, the median family income in the Austin-Round Rock MSA is $122,300. This means buyers generally can afford a home priced between $300,000 to $400,000, however, less than 40% of homes sold in the Austin-Round Rock MSA in July of this year alone fall into this price range. ABoR’s July housing market data stresses not only the strong, ongoing housing demand in our region, but also the critical need for more housing stock at all price points.” Jackson added that recent resolutions passed by Austin City Council are a step in the right direction but there is still more work that needs to be done. “The recent resolutions passed by Council is the start of a community conversation on housing solutions that can help address Austin’s long-standing affordability issues. Our community must continue to come together to meet our region’s housing challenge, and we must approve meaningful changes so that anyone who wants to buy a home in Austin can do so at a price point they can afford.” City of Austin 837 – Residential homes sold, 1.3% more than July 2022. $550,000 – Median price for residential homes, 12.0% less than July 2022. 1,224 – New home listings on the market, 22.6% less than July 2022. 2,881 – Active home listings on the market, 20.0% more than July 2022. 847 – Pending sales, 13.2% more than July 2022. 3.9 – Months of inventory, 1.5 months more than July 2022. $588,966,529 – Total dollar volume of homes sold, 5.4% less than July 2022. Travis County 1,344 – Residential homes sold, 5.5% more than July 2022. $545,000 – Median price for residential homes, 9.2% less than July 2022. 1,836 – New home listings on the market, 26.7% less than July 2022. 4,697 – Active home listings on the market, 15.8% more than July 2022. 1,314 – Pending sales, 13.7% more than July 2022. 4.0 – Months of inventory, 1.4 months more than July 2022. $948,942,496 – Total dollar volume of homes sold, 3.0% less than July 2022. Williamson County 895 – Residential homes sold, 5.4% less than July 2022. $428,350 – Median price for residential homes, 11.7% less than July 2022. 1,247 – New home listings on the market, 28.1% less than July 2022. 2,788 – Active home listings on the market, 2.1% less than July 2022. 937 – Pending sales, 5.6% more than July 2022. 3.1 – Months of inventory, 0.5 months more than July 2022. $445,147,628 – Total dollar volume of homes sold, 14.5% less than July 2022. Hays County 400 – Residential homes sold, 0.3% less than July 2022. $405,243 – Median price for residential homes, 10.5% less than July 2022. 522 – New home listings on the market, 10.8% less than July 2022. 1,493 – Active home listings on the market, 31.1% more than July 2022. 439 – Pending sales, 27.3% more than July 2022. 4.1 – Months of inventory, 1.1 months more than July 2022. $207,159,668 – Total dollar volume of homes sold, 7.1% less than July 2022. Bastrop County 132 – Residential homes sold, 9.1% more than July 2022. $349,995 – Median price for residential homes, 15.7% less than July 2022. 210 – New home listings on the market, 1.9% less than July 2022. 545 – Active home listings on the market, 25.6% more than July 2022. 143 – Pending sales, 40.2% more than July 2022. 4.6 – Months of inventory, 1.2 months more than July 2022 and the highest inventory in the MSA. $53,217,578 – Total dollar volume of homes sold, 0.9% less than July 2022. Caldwell County 44 – Residential homes sold, 22.8% less than July 2022. $298,048 – Median price for residential homes, 20.2% less than July 2022. 69 – New home listings on the market, 38.0% more than July 2022. 140 – Active home listings on the market, 55.6% more than July 2022. 59 – Pending sales, 68.6% more than July 2022. 3.4 – Months of inventory, 1.1 months more than July 2022. $13,797,745 – Total dollar volume of homes sold, 41.0% less than July 2022. For more information or to download the July 2023 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.

Amidst challenging economic conditions, Austin-Round Rock MSA housing market continued to normalize during first half of 2023 This month’s Central Texas Housing Summit to shed light on challenges During the first six months of 2023, the Austin-Round Rock MSA housing market remained robust and continued to normalize despite macroeconomic factors impacting the housing market and economy, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Despite increased inventory across the region, long-term solutions to address affordability and housing availability are still needed. ABoR will once again convene experts from across the community this month to continue advancing housing solutions designed to ensure the future of the region’s housing market is equitable and sustainable. “For the second year in a row, ABoR is hosting a summit focused on the state of the region’s housing market, the need to prioritize housing and how to enact change for the future,” Ashley Jackson, 2023 ABoR president, said. “Yes, inventory is increasing and median prices have declined, but this does not mean no action is required to address the region’s housing affordability issues. We are seeing the market normalize after years of record-setting pace, but it is our job to help the region’s housing market fundamentally improve so that anyone that wants to buy a home here can find one within their budget.” Last month across the MSA, residential home sales declined 8.5% year over year to 3,147 closed sales while the median price also dropped 9.6% to $483,000 for the month of June. Sales dollar volume fell 15.6% to $1,921,766,942 and new listings declined 23.6% to 4,638 listings. The number of homes on the market jumped 38.4% to 9,631 active listings, causing housing inventory to skyrocket to 3.7 months of inventory, up 1.6 months from last June. Pending sales increased 19.1% to 3,110 transactions and homes spent an average of 61 days on the market, 43 more days than June 2022. Dr. Clare Losey, ABoR housing economist, sees a market that has held steady but still needs increased inventory to house our region’s growing population. “Despite a slight uptick in mortgage rates in June, the median sales price rose a modest 2.7% from May. Overall, the moderation in home prices throughout the region over the past year has eased the affordability constraint posed by higher rates, but more work needs to be done across the region and into the future to fully address this challenge. The Central Texas region simply needs more inventory—particularly at price points affordable to first-time buyers—as home prices remain elevated relative to incomes across the region.” Losey added that the region’s economy is a major factor in the housing market’s performance. “The diverse and resilient economy that has been built in Central Texas, particularly over the past two decades, is instrumental in helping the region, and our housing market, withstand less than ideal economic conditions. It is important to remember that the market continues to moderate in the wake of unsustainable price growth and sales activity during the pandemic, but remains robust. The median sales price in the MSA appreciated by nearly 50% from June 2019 to June 2023. The ability to buy a home remains the best way to create generational wealth, and that needs to be more accessible to everyone.” ABoR will offer a holistic view of the housing market, local, state and national economies, and what the future holds for economic development in Central Texas at the Central Texas Housing Summit on July 26. “We’re thrilled to bring together REALTORSⓇ, economists, community members and business leaders to offer valuable insight into the current state of the regional economy and housing market,” Jackson added. “This event is vital to working together to find solutions and enact change to ensure that we address the region’s inventory needs and affordability challenge for today and the coming decades.” Austin-Round Rock MSA In the first half of 2023, home sales in the Austin-Round Rock MSA decreased 14.5% year over year to 15,632 home sales. Sales dollar volume dropped 23.2% to $9,076,088,439, as the median price fell 12.8% to $458,000. So far this year, new listings are down 7.8% to 23,366 new listings; active listings skyrocketed 173.5% to 8,180 listings; and pending sales decreased 6.7% to 17,012 pending sales. Homes spent an average of 72 days on the market from January through June 2023, 51 more days than the same period in 2022. City of Austin In the City of Austin, home sales in the first half of the year decreased 22.4% year over year to 4,490 sales, as the median price also fell 10.7% to $545,000. At the same time, sales dollar volume dropped 27.1% to $3,180,556,219. New listings slightly ticked down 2.7% to 7,571 listings; active listings soared 170.2% to 2,243 listings; and pending sales dropped 14.8% to 4,918 pending sales. This June, home sales dropped 10.6% year over year to 939 sales. At the same time, sales dollar volume decreased 11.3% to $709,176,366, while the median price dropped 3.6% to $588,193. During the same period, new listings fell 18.3% to 1,567 listings; active listings increased 49.2% to 2,872 active listings; and pending sales ticked up 11.9% to 923 sales. Housing inventory increased 2.1 months of inventory to 3.9 months of inventory. Travis County From January through June in Travis County, home sales decreased 19.4% year over year to 7,187 sales. During the same period, sales dollar volume fell 25.5% to $4,998,478,556, as the median price dropped 12.8% to $521,000. New listings also ticked down 4.1% to 11,727 listings, while active listings skyrocketed 171.4% to 3,829 listings. Pending sales fell 11.2% to 7,850 pending sales. In June 2023, home sales decreased 6.7% year over year to 1,482 sales, while sales dollar volume dropped 13.1% to $1,076,495,140. During the same period, the median price fell 9.8% to $550,000. New listings dropped 19.8% to 2,381 listings; active listings increased 44.8% to 4,724 listings; while pending sales jumped 15.7% to 1,461 sales. Housing inventory rose 2.0 months to 4.0 months of inventory. Williamson County In Williamson County, home sales in the first half of 2023 decreased 12.8% year over year to 5,353 home sales. During the same period, sales dollar volume fell by 21.4% to $2,644,915,637, and the median price dropped 12.1% to $435,000. New listings decreased 17.6% to 6,931 listings; active listings soared 165.8% to 2,411 listings, while pending sales slightly fell 5.1% to 5,725 pending sales. This June, home sales decreased 10.3% year over year to 1,075 sales. During the same period, sales dollar volume dropped 18.1% to $556,092,718, and the median price also fell 10.9% to $449,945. New listings decreased 33.6% to 1,369 listings, while active listings increased 17.5% to 2,689 listings. Pending sales also rose 15.6% to 1,006 pending sales. Housing inventory increased 1.0 months to 3.0 months of inventory. Hays County In the first half of 2023, Hays County home sales ticked down 1.8% year over year to 2,155 sales, and sales dollar volume dropped 17.9% to $1,074,567,401. During the same period, the median price fell 11.2% to $404,165. New listings slightly rose 0.3% to 3,161 listings; active listings soared 190.6% to 1,299 listings; and pending sales increased 4.8% to 2,375 pending sales. In June 2023, home sales decreased 8.9% year over year to 418 home sales, as sales dollar volume also decreased 17.3% to $220,701,935. During the same period, the median price dipped 4.7% to $430,160. New listings decreased 7.9% to 629 listings; active listings soared 60.8% to 1,536 listings; and pending sales rose 34.5% to 437 pending sales. Inventory increased 1.7 months to 4.2 months of inventory. Bastrop County In the first half of 2023, Bastrop County home sales fell 10.1% year over year to 698 home sales, and sales dollar volume decreased 21.2% to $278,996,295. The median sales price dropped 12.1% to $354,950. During the same period, new listings slightly fell 0.3% to 1,159 listings, as active listings jumped 179.2% to 511 listings. At the same time, pending sales ticked down 3.8% to 771 pending sales. In June 2023, home sales decreased 23.9% year over year to 124 home sales, and sales dollar volume dropped 35.8% to $51,605,661. At the same time, the median price fell 15.0% to $352,760. New listings dropped 26.9% to 198 listings; active listings increased 43.9% to 544 active listings, while pending sales also increased 45.3% to 154 pending sales. Inventory jumped 1.7 months to 4.6 months of inventory. Caldwell County To date in 2023, Caldwell County home sales slightly fell 2.9% year over year to 239 sales, and sales dollar volume decreased 11.1% to $79,050,554. The median price dropped 11.0% to $298,075. During the same period, new listings ticked up 0.3% to 388 listings; active listings skyrocketed 204.8% to 128 listings, while pending sales dropped 4.3% to 291 pending sales. In June 2023, home sales increased 50.0% year over year to 48 home sales, and sales dollar volume increased 39.3% to $16,250,960. During the same period, the median price fell 15.6% to $276,000. New listings dropped 23.8% to 61 listings; active listings increased 81.6% to 138 listings. Pending sales rose 8.3% to 52 pending sales. Housing inventory jumped 1.2 months to 3.3 months of inventory. For more information or to download the June and Mid-Year 2023 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.

Buyers and sellers see ample opportunity in Austin-Round Rock MSA housing market 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. “Last month’s housing market activity demonstrates not only a stable market, but one where optimism for the months ahead continues to grow,” Ashley Jackson, 2023 ABoR president, said. “With the ebb and flow of mortgage rates, this is when the value of a REALTOR® comes into play. They can help buyers find down payment assistance programs or identify financing options. Real estate remains the most powerful long-term investment and having a trusted expert in your corner is crucial.” 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. Dr. Clare Losey, housing economist for ABoR, commented on the status of home purchasing power in the Austin market. “Nationally, from May 2022 to May 2023, homebuyers’ purchasing power declined by an estimated 8% to 9% due to the rise in mortgage rates–May’s mortgage rates, averaging 6.4%, were among the highest they’ve been all year. However, in Austin, the moderation in home prices has helped to mitigate the decline in purchasing power. In fact, from May 2022 to May 2023, the monthly mortgage payment declined an estimated 3% to 4%.” Losey also weighed in on buyer and seller expectations in the market. “Last month, homes sold for 94% of their original list price. The continued uptick in that figure demonstrates that sellers are pricing their homes more accurately and buyers are more responsive to those prices than in the earlier part of 2023. Context matters, and May’s 2022 median home price, $550,000, was the highest median home price the Austin region has ever seen. Relative to pre pandemic levels, last month’s median home price is up 44%.” Jackson also encouraged people to attend ABoR’s annual Central Texas Housing Summit to be held next month. “No issue is more critical than the future growth of our region than housing. Austin recently emerged as the 10th largest city in the country and three of the top four fastest-growing cities in the nation are in Central Texas. People from all over the world want to call Austin home, and we must put housing first. We urge the community to attend our annual Central Texas Housing Summit in July to hear and learn from experts discussing all facets of the real estate industry affecting sellers, buyers, renters and homebuilders.” City of Austin In May, home sales slightly decreased 7.6% to 1,028 sales, while sales dollar volume fell 19.6% to $732,218,904. At the same time, the median price declined 16.7% to $550,000 for the City of Austin. Last month, new listings slightly fell ​​3.7% to 1,449 listings, active listings skyrocketed 144.0% to 2,574 listings as pending sales declined by 10.1% to 949 pending sales. Monthly housing inventory increased 2.5 months year over year to 3.5 months of inventory. Travis County In Travis County, home sales dipped 5.1% to 1,633 sales, while sales dollar volume also dropped 13.7% to $1,198,970,260. Last month, the median price in Travis County fell 17.4% year over year to $537,000, new listings decreased 8.1% to 2,256 listings and active listings ballooned 125.4% to 4,296 listings year over year. Pending sales declined 3.0% to 1,533 pending sales as monthly housing inventory increased 2.5 months year over year to 3.6 months of inventory. Williamson County May home sales decreased 6.7% to 1,113 sales and sales dollar volume declined 16.8% year over year to $559,090,028 in Williamson County. The median price decreased 13.7% to $439,990 as new listings also decreased 18.1% to 1,387 listings. During the same period, active listings increased 99.5% to 2,530 listings while pending sales slightly fell 1.2% to 1,075 pending sales. Housing inventory rose 1.7 months to 2.8 months of inventory. Hays County In Hays County, May home sales rose 9.5% to 460 sales while sales dollar volume dropped 17.1% to $224,503,192. The median price for homes fell 16.1% to $400,000. During the same period, new listings decreased 18.6% to 611 listings, while active listings skyrocketed by 121.4% to 1,439 listings. Pending sales increased 5.6% to 433 pending sales as housing inventory jumped by 2.2 months to 3.9 months of inventory. Bastrop County Last month, Bastrop County home sales slightly decreased 4.2% year over year to 158 sales, while sales dollar volume also fell 7.1% to $67,537,423. Median price dipped 7.7% to $369,900 as new listings ticked down 1.8% to 224 listings. Active listings soared 151.1% to 555 listings as pending sales increased 1.4% to 142 pending sales. Housing inventory increased by 2.8 months to 4.5 months of inventory, the highest level of inventory across the MSA in May. Caldwell County In Caldwell County, home sales decreased 25.4% to 47 closed sales, and sales dollar volume dropped 26.1% to $16,751,072. The median home price fell 9.6% year over year to $312,000. At the same time, new listings increased by 11.7% to 67 listings as active listings skyrocketed 191.7% to 140 listings. Pending sales rose 46.3% to 60 pending sales, and housing inventory increased 2.2 months to 3.5 months of inventory. For more information or to download the May 2023 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.