Wednesday, February 15 2023 : Our Austin Real Estate Weekly Statistics report provides the most thorough and detailed real estate market data in the Austin Area. Combined, you have access to over 300 pages of in-depth, local reports.
Over the past year, the number of active listings in the entire Austin-Area MLS has increased significantly from 3,586 to 9,169, resulting in a 5.07x increase in months of inventory, from 0.89 to 4.58. In the City of Austin, there has been a 5.2x increase in inventory.
The average list price for active homes in the Austin-Area MLS has increased by 9.51% year over year, currently sitting at $640,878. However, the average sold price this month has decreased by 8.32% year over year to $543,091, with the median sold price at $435,000, a difference of 10.31% year over year.
In the City of Austin, the median sold price has decreased by 2.2% year over year, from $588,000 to $575,000.
These figures demonstrate that as the number of listings has increased significantly, this increase is contributing to a downward pressure on prices.
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