Austin Home Prices Surge in December 2024: Highest Monthly Increase Since February 2022 December 16 2024 : The Austin real estate market showed a remarkable surge in December 2024, posting the highest month-over-month price increase since February 2022. After a year of fluctuating trends, this strong finish signaled a significant boost in home values and overall market activity. Both the average and median home prices saw double-digit increases, marking a noteworthy shift in the market. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241216011314.png" alt="" width="" height="" style=""></figure></div>​ In December 2024, the total number of homes sold reached 2,346. This was a 5.5% increase from the previous month’s total of 2,223 homes sold in November 2024. Compared to December 2023, when 2,324 homes were sold, this represented a modest 1.0% year-over-year increase. The upward trend in home sales suggested growing buyer confidence as the year came to a close. The average sold price for December 2024 was $616,500. This was a significant $59,108 jump from November 2024’s average of $557,392. This 10.6% month-over-month increase marked the highest spike in home prices since early 2022. Year-over-year, the average sold price was up by $65,694, representing an 11.9% increase from December 2023’s average of $550,806. These figures highlight a clear upward trend in property values in the Austin area. The median sold price also saw substantial growth, reaching $480,000 in December 2024. This was an $47,500 increase from the previous month’s median of $432,500, representing an 11.0% month-over-month gain. Compared to December 2023’s median price of $440,415, this reflected a 9.0% year-over-year increase. The rise in both average and median prices indicated strong demand across various price points in the market. In addition to rising prices, the sold-to-list price ratio for December 2024 remained consistent at 97.01%. This figure showed that, despite the increase in home values, buyers were still purchasing homes at prices very close to the original list prices. The slight dip from November 2024’s ratio of 97.14% suggested that while prices were climbing, sellers were maintaining realistic expectations. The December 2024 data underscored a strong finish to the year for the Austin real estate market. The combination of increased sales volume and rising prices suggested a renewed energy in the housing market. This surge could be attributed to a variety of factors, such as improved interest rates, seasonal buying patterns, and overall market confidence. With December 2024 marking the highest month-over-month increase since February 2022, it sets the stage for an interesting year ahead in Austin’s real estate market. As we head into 2025, buyers and sellers alike will be watching these trends closely. The data for December 2024 paints a picture of a market where demand is strong, prices are rising, and opportunities abound for those looking to buy or sell homes in the Austin area. Keep in mind that these prices are from December 01 2024 to December 16 2024; prices will change as properties sell between today (December 16 2024) and the end of the month. Stay tunned for updated sold data and visit our <a href="https://teamprice.com/market-cycle">Market Cycle</a> page which is updated daily (Monday through Friday).&nbsp;

Austin’s real estate market surged in December 2024 with the highest month-over-month price increase since February 2022. Average and median home prices jumped over 10%, reflecting strong buyer demand and market growth

Austin Home Prices See Highest Increase Since 2022 in December 2024

Austin Real Estate Market Analysis: Pending Listings Show November Uptick But Year-to-Date Remains Weak November 08, 2024 : The City of Austin’s real estate market has experienced a rollercoaster of changes in the past decade. Analyzing <a href="https://teamprice.com/residential-inventory">pending listings</a>, which serve as a key indicator of market activity, we observe significant fluctuations from 2014 through 2024. This data offers valuable insights into seasonal trends, economic shifts, and the broader dynamics impacting homebuyers and sellers in Austin. Let’s take a closer look at how these numbers have changed over time, focusing on the recent performance and trends for November 2024, as well as a comprehensive comparison with previous years.​From January to November 2024, the <a href="https://teamprice.com/residential-inventory">number of pending listings in the City of Austin</a> consistently lagged behind previous years. In fact, each month from January through June 2024 showed significantly lower figures than the strong market performance of 2021 and the recovery year of 2022. For example, June, a critical month for pending listings, had only 1,313 in 2024, down from 1,550 in 2023 and dramatically lower than the peak of 2,452 seen in June 2020. This decline highlights a cooling trend that became evident in late 2022 and persisted throughout 2023 and into the early months of 2024. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241108124835.png" alt="" width="" height="" style=""></figure></div>​Despite a slow start, November 2024 marked a turning point for the Austin real estate market. This month reported 905 pending listings, making it the best November performance in three years. By comparison, November 2023 had only 869 pending listings, while November 2022 recorded 887. This increase, albeit modest, suggests a slight rebound in buyer activity as we head into the end of the year. It is still far below the levels seen in November 2021, which had an impressive 1,711 pending listings, demonstrating that while there may be signs of improvement, the market has not yet returned to its pre-slowdown strength.​Looking back at the entire year-to-date (YTD) data for 2024, the overall performance remains weak. January 2024 started off with 1,155 pending listings, nearly identical to the previous year's start at 1,157, yet substantially lower than the 1,709 pending listings seen in January 2020. The months of March through June, traditionally the most active period for pending listings, failed to regain momentum. March 2024 recorded only 1,551 pending listings, significantly below the 2,370 recorded in March 2021. Similarly, April 2024 saw a decline, with 1,565 pending listings compared to 2,175 in April 2021.​Seasonality plays a critical role in the Austin real estate market. Typically, the summer months show the highest levels of pending listings due to increased buyer activity. However, the summer of 2024 saw lower-than-expected performance. For instance, July 2024 reported just 1,245 pending listings, a notable drop from 1,438 in July 2023 and far below the 2,308 seen in July 2020. This decline indicates that the heightened buyer demand observed during the pandemic years has cooled off considerably, potentially due to changing economic conditions, higher interest rates, and shifts in buyer preferences.​As we move towards the end of the year, it’s essential to highlight the ongoing trend of lower pending listings across the board. While November 2024's 905 pending listings mark an improvement from the past two years, the year-to-date figures still reflect the lowest cumulative total in a decade. The year 2024 has been marked by a cautious market, where both buyers and sellers seem to be waiting on the sidelines, perhaps due to economic uncertainties and fluctuating mortgage rates.​December typically experiences the lowest levels of pending listings, and based on the trends observed throughout 2024, it’s likely that this year will follow suit. In December 2023, there were 907 pending listings, showing a slight increase compared to 846 in December 2022, but still far from the peak of 1,506 in December 2020. If this trend continues, we may see a similar outcome for December 2024, reinforcing the broader narrative of a market that has yet to fully recover. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241108124848.png" alt="" width="" height="" style=""></figure></div> In conclusion, the <a href="https://teamprice.com/residential-inventory">City of Austin’s pending listings</a> data from 2014 to 2024 paints a picture of a market that surged during the pandemic years, experienced a strong recovery in 2021, but has since softened. November 2024 stands out as a relative bright spot, showing the highest number of pending listings for this month in three years. However, the overall year-to-date performance remains the weakest in the past decade, suggesting that the market still faces headwinds as we head into 2025. Continued monitoring of pending listings will be essential to gauge the direction of the Austin real estate market in the coming months.&nbsp;

November 2024 recorded the highest number of pending listings in three years for Austin, showing signs of recovery. However, year-to-date data reveals the weakest performance in a decade, highlighting ongoing challenges in the Austin real estate market

Austin Real Estate Market Update: November 2024 Shows Best Pending Listings in Three Years Despite Weak Year-to-Date Performance

<a href="https://teamprice.com/sold-price-to-list-price-ratio">Sold Over List Price</a> in Austin: What 20+ Years of Data Reveals Over the past two decades, the Austin real estate market has experienced significant fluctuations in the percentage by which homes sell over their list prices. This data, ranging from 2000 to 2024, reveals compelling trends in Austin's housing market, offering insights into buyer behavior and market competitiveness. From a steady climb in <a href="https://teamprice.com/sold-price-to-list-price-ratio">over-list sales percentages</a> through the early 2000s to peak demand in recent years, Austin's housing market has shown how dynamic it can be. In the early 2000s, the percentage of <a href="https://teamprice.com/sold-price-to-list-price-ratio">properties sold over list price in Austin</a> started modestly. In 2000, the average percentage peaked at 30.8% by June, highlighting a growing interest in Austin’s real estate market even then. This pattern of sales percentages hovering in the high teens and low twenties continued into the 2000s, with some monthly highs reaching just above 26%. Despite some fluctuations, the market remained relatively stable until 2020. The Austin real estate market experienced its most dramatic surge in 2021. During this period, the percentage of <a href="https://teamprice.com/sold-price-to-list-price-ratio">properties sold over list price</a> reached unprecedented heights, with an April high of 72.6%. These elevated percentages persisted throughout the year, reflecting a time of strong demand and highly competitive bidding. Many factors contributed to this demand spike, including positive net migration, increased employment opportunities, and a desirability that led to intense buyer competition. This trend extended slightly into 2022, though the numbers started to decline as the market began cooling. By mid-2022, as inventory levels increased and buyer demand started to wane, the average percentages of properties sold over list price dropped from 64.7% in March to 11.6% by December. In 2023, the market continued its downward trend, with percentages stabilizing to levels last seen before 2011. For example, the <a href="https://teamprice.com/sold-price-to-list-price-ratio" class="on">highest percentage of over-list sales</a> was in April at 17.9%, a significant decrease compared to the peaks of previous years. As of October 2024, Austin’s real estate market is seeing the lowest percentage of properties sold over list price in over a decade, reflecting a new era where buyers have greater opportunities to purchase homes without the need to outbid list prices. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241016032959.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-align="center" width="" height="" data-size="," data-percentage="auto,auto" data-index="0" data-file-name="austin-real-estate-sold-over-list-price-2000-2024.png" data-file-size="481585" data-origin="," style=""></figure></div> Throughout the past few years, Austin has transformed into a balanced market, where buyers are finding more options and less competition. With the surge in over-list sales percentages cooling, it has become an opportune time for buyers who were previously priced out. As Austin continues to evolve, these trends demonstrate that while the market can be fiercely competitive, there are periods when opportunities for buyers emerge, enabling them to find the right home at the right price​

Explore the changing trends in Austin’s real estate market, focusing on homes sold over list price from 2000 to 2024. Discover how demand surged to record highs, influencing prices and creating buyer opportunities as the market cooled

Austin Real Estate Trends: Sold Over List Price from 2000 to 2024

Austin Housing Market Trends: Sales Data Reveals Sharp Decline in 2024 The real estate market in Austin, Texas, has experienced significant shifts over the past decade. As one of the fastest-growing cities in the United States, Austin's housing market has seen periods of rapid growth followed by sharp declines, particularly in the last few years. By analyzing the data from January 2014 through September 2024, it becomes clear that the number of home sales in Austin has fluctuated, with noticeable drops in the most recent years. This article dives into these trends, offering an in-depth look at how the market has evolved and what the current state of sales looks like. In September 2024, the <a href="https://teamprice.com/residential-inventory">City of Austin recorded 629 home sales</a>. This number represents a substantial decline from previous years. In fact, comparing September 2024 to September 2020, when 1,533 sales were recorded, shows a dramatic reduction of nearly 60%. Even when compared to September 2023, which saw 840 sales, this represents a decrease of 25.1%. The trend is not unique to September. Months like August and July have also seen reduced activity, with August 2024 recording 870 sales, down from 1,485 in August 2018. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240930115127.png" alt="" width="" height="" style=""></figure></div>​ If we look further back, the sales numbers tell an even more complex story. Between 2014 and 2019, sales were relatively stable. For example, in September 2014, 1,146 <a href="https://teamprice.com/residential-inventory">homes were sold</a>, and in 2019, that number was slightly higher at 1,234. However, by 2022, sales dropped to 948 in September, and the numbers have continued to decline since then. The COVID-19 pandemic brought significant changes to the housing market, as seen by the surge in sales in 2020 and 2021. July 2020 was particularly strong, with 1,815 sales recorded, but by July 2024, sales had fallen to just 900. Year-over-year changes highlight the extent of this decline. In September 2024, sales were down 49% compared to September 2020 and 45.1% compared to September 2015. This downward trend has been consistent across most months, with only occasional upticks. For example, April 2024 showed a 13.6% increase from April 2023, but the overall trend has been a steady reduction in sales since the highs of 2020. The seasonal nature of real estate activity is also evident in the data. Summer months, such as June, July, and August, tend to have more <a href="https://teamprice.com/residential-inventory">home sales</a> compared to the winter months. For example, June 2024 saw 865 home sales, which is notably lower than June 2020's 1,505 sales, but still higher than the early months of the year, such as January 2024, when only 551 homes were sold. This pattern of higher summer activity followed by lower sales in the fall and winter is typical in the housing market, but the recent decline in sales is more than just seasonal. It reflects broader market conditions that have shifted over time. The five-year and ten-year comparisons further emphasize how much the market has changed. Between 2020 and 2024, there has been a 43.7% <a href="https://teamprice.com/residential-inventory">decline in sales</a> in June alone. Similarly, comparing the years 2015 to 2024 shows a 45.1% decrease in September sales. These declines point to a challenging real estate environment, where fewer homes are being sold despite the rapid growth Austin experienced earlier in the decade. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240930115143.png" alt="" width="" height="" style=""></figure></div>​ Overall, the data shows that while Austin's real estate market was thriving in the mid-2010s, it has faced significant challenges in recent years. The rapid <a href="https://teamprice.com/residential-inventory">increase in sales</a> during 2020 and 2021 has been followed by a period of contraction, with fewer homes being sold each month. This trend is likely influenced by a combination of factors, including rising home prices, higher interest rates, and changing buyer behavior. As Austin continues to grow, these trends will be important to watch for anyone looking to buy or sell property in the area​

Discover the latest trends in Austin's real estate market with an in-depth analysis of sales data from 2014 to 2024. This detailed article explores the steady decline in home sales over the last decade, the factors driving these changes, and what it means for buyers and sellers in the Austin area. Stay informed on the current state of Austin real estate with this comprehensive report

Austin Real Estate Sales Decline: A Detailed Look at Trends from 2014 to 2024

Austin Real Estate Market Trends: A Deep Dive into Sold Properties and Realtor Performance September 23, 2024 : The Austin real estate market has been experiencing a significant transformation, as evidenced by recent <a href="https://teamprice.com/sales-density-population-and-realtors">data on sold properties</a> and Realtor performance in the area. From January through September 2024, the number of sold properties in the six-county area was projected to reach 23,423, reflecting a 14.4% drop year-over-year. This decline highlights the continued downward trend in sold properties, marking a 10.1% decrease below the average and a stark comparison to previous years. In particular, the month of September is expected to show a drop of 14.4% compared to the same period in 2023, contributing to an overall challenging year for real estate transactions. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240923062352.png" alt="" width="" height="" style=""></figure></div> The <a href="https://teamprice.com/sales-density-population-and-realtors">detailed analysis of sold properties</a> per 100,000 residents paints a clearer picture of the market’s current state. As of September 2024, the figure stands at 82.36, down from 105.46 the previous month. This decline underscores the cooling of the market as fewer properties are changing hands relative to the local population. Comparatively, the market is performing better than in 2010, with sold properties per 100,000 residents at that time hovering at lower levels. However, the drop is significant enough to impact market dynamics and decision-making for both buyers and sellers. While the overall sales figures are declining, the number of active Realtors in the Austin-area MLS continues to grow, albeit with some fluctuations. As of September 2024, there are 19,979 Realtors registered in the Austin-area MLS. This is a 6.1% decrease from the September 2022 peak, indicating that some Realtors may be exiting the profession in response to the current market conditions. However, the market remains saturated, which can be seen in the ratio of sold properties per 1,000 Realtors. This metric has dropped to 104.4, down from 133.7 in August 2024 and marking the lowest level for September on record. This indicates that fewer properties are being sold per Realtor, increasing competition among agents for available listings. Year-to-date performance shows that <a href="https://teamprice.com/sales-density-population-and-realtors">cumulative sold properties</a> are 27.9% below the long-term average. Between January and September, the sold properties per 1,000 Realtors totaled 1,199, reflecting a year-over-year decrease of 0.8%. This suggests that despite the high number of Realtors in the market, overall productivity has decreased, and agents are selling fewer properties compared to previous years. The 39.4% drop below the average sold properties per 1,000 Realtors for September further confirms that this month will be among the slowest in recent history. Despite these market challenges, there is some optimism within certain real estate circles. Some brokerages, such as Team Price Real Estate, have seen positive year-over-year growth, with a nearly 10% increase in transactions while maintaining a steady agent count. This performance is notable given the broader market slowdown and speaks to the importance of strategic market positioning and strong agent performance in navigating difficult market conditions. The data-driven approach used to project future sales in the Austin real estate market is also worth noting. By analyzing 20 years of historical data, adjustments for population growth, and accounting for seasonal sales trends (such as the surge in sales during the last seven days of the year), real estate professionals can create highly accurate projections. With an average error margin of just 1% to 3%, these projections provide valuable insights into future market trends, helping buyers, sellers, and agents make informed decisions. As the Austin real estate market continues to evolve, it remains crucial for industry professionals to closely monitor data on sales density, Realtor performance, and population trends. While the overall market may be experiencing a downturn, opportunities still exist for those who can adapt to the current conditions and leverage the available data to their advantage. <div class="se-component se-video-container __se__float-center" style="width: 100%; min-width: 100%;"><figure style="width: 100%; height: 56.25%; padding-bottom: 56.25%;"><iframe src="https://www.youtube.com/embed/Y-0CDuFdRKI" width="100%" height="56.25%" style="width: 100%; height: 100%;"></iframe></figure></div> ​

Discover detailed insights into the Austin real estate market trends in 2024. Explore the data on sold properties, Realtor performance, and market density, with a deep dive into key statistics that shape the Austin-area MLS. Learn how these trends impact buyers, sellers, and Realtors in a competitive market

Austin Real Estate Market in 2024: A Data-Driven Analysis of Sold Properties

<a href="https://teamprice.com/market-update">Austin Real Estate Market Update</a>: September 20 2024 The Austin real estate market is currently in a period of transition. As of September 2024, the <a href="https://teamprice.com/real-estate-glossary/months-of-inventory">Months of Inventory (MOI)</a> stands at 5.2 months, signaling a neutral market. This metric is a key indicator in real estate, measuring how long it would take for all current listings to sell if no new properties were added. An MOI below 4.9 months indicates a seller’s market, while more than 7 months suggests a buyer’s market. At 5.2 months, the Austin market is balanced, giving both buyers and sellers some leverage, but not tipping heavily in favor of either. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240920071609.png" alt="" width="" height="" style=""></figure></div>​ In addition to the MOI data, there are currently 15,114 <a href="https://teamprice.com/active-residential-listings">active residential listings in the Austin area</a>. This is down from a recent peak of slightly over 16,000 just a few months ago. This drop in active listings could indicate a slight tightening of inventory. Fewer homes available on the market can lead to more competition among buyers, but it is important to note that inventory levels are still higher than during the housing boom of 2020 and 2021, when active listings were at historic lows. The drop in listings from over 16,000 to 15,114 shows a trend that could impact how quickly homes sell and at what price point they move. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240920071624.png" alt="" width="" height="" style="" origin-size="1835,892"></figure></div>​ The <a href="https://teamprice.com/real-estate-glossary/months-of-inventory">Months of Inventory</a> data shows a significant shift from just a few years ago. During the pandemic years, when buyer demand surged due to <a href="https://teamprice.com/30-year-fixed-mortgage-rate">low-interest rates</a> and shifting housing needs, the MOI dropped to as low as 1.0 month in early 2021. At that time, the market was extremely competitive, with multiple offers and homes selling well above asking prices. In contrast, today’s MOI of 5.2 months reflects a more measured pace of buying and selling. Buyers have more options and can take more time to make decisions, while sellers may need to be more strategic about pricing. Although the current market is neutral, it is still important for buyers and sellers to understand the underlying trends. Interest rates are higher now compared to the historically low rates seen in 2020 and 2021. This increase in borrowing costs has cooled buyer enthusiasm somewhat, leading to more stable market conditions. However, Austin’s desirability as a place to live continues to drive demand, particularly as the market stabilizes from the rapid growth of recent years. Sellers should be aware that while the market is no longer as frenzied as it was during the housing boom, homes are still selling. With 15,114 active listings, there is enough inventory for buyers to choose from, but not so much that it overwhelms the market. Pricing homes competitively will be essential to attracting attention and offers. Sellers might also expect properties to stay on the market longer compared to the rapid sales seen in the past two years. Buyers, on the other hand, can benefit from the neutral market conditions. With the number of active listings and a stable MOI, buyers have the opportunity to negotiate more favorable terms than they would have in a strong seller’s market. However, they should still be mindful of rising interest rates, which could affect their buying power. Waiting too long for prices to drop further could mean missing out on favorable financing terms. Overall, the Austin real estate market is finding its balance. The shift from the extreme seller’s market of the pandemic years to today’s neutral conditions is a sign of stabilization. With 5.2 months of inventory and 15,114 active listings, the market is well positioned for both buyers and sellers to make informed decisions. Monitoring these trends will be essential as the market continues to evolve throughout the rest of 2024.

Latest trends in the Austin real estate market for September 2024. With 15,114 active listings and a neutral 5.2 months of inventory, find out what this means for both buyers and sellers as the market stabilizes. Explore key data and insights to make informed decisions in Austin’s evolving housing market

Austin Real Estate Update: 5.2 Months of Inventory and 15,114 Listings in September 2024

2024 Austin Real Estate: Sold Properties per 100,000 Population Fall 20.8%​September 16, 2024 : The Austin real estate market, spanning six counties—Travis, Williamson, Bastrop, Hays, Caldwell, and Burnet—has experienced a noticeable slowdown in 2024. From January to September, the cumulative number of sold properties per 100,000 population is down by 20.8% compared to historical averages. This significant decline points to a cooling market, with fewer transactions taking place despite the area's consistent population growth. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240917122840.png" alt="" width="" height="" style=""></figure></div> The data provided tracks property sales over several years, offering insight into the market’s trajectory. For instance, in 2021, the cumulative sold properties per 100,000 population reached as high as 1,572.1. In contrast, 2024 has seen this figure drop to 1,070.9—a clear sign of weakened sales activity. Even in 2022, the number of cumulative sold properties was 1,266.3, still notably higher than this year. This stark comparison demonstrates a sizable decrease in buyer demand or market activity, resulting in the 20.8% reduction. Monthly data shows fluctuations in the real estate market, with some months performing better than others. For example, the percentage decline in sales density ranged from a modest drop of 2.3% to a significant dip of 21.4% during certain periods. These variations suggest that while some months experienced relatively better performance, the overall trend has been negative, especially when considering longer-term averages. Looking back at past years, the trend has generally been more favorable, with cumulative sold properties per 100,000 population consistently averaging above 1,200 in most cases. Even in 2020, the number of sold properties was higher than the current year. The sharp decline in 2024 indicates that the market has faced new challenges, which have resulted in a significant drop in the number of properties sold. The data reveals that this decline is not an isolated incident but rather part of a larger trend in the Austin real estate market. While some months in previous years saw small declines, the overall direction was still positive, with the market maintaining sales volumes above 1,200 properties per 100,000 population. However, in 2024, the cumulative number of sold properties has consistently lagged behind, signaling a notable shift in market dynamics. Real estate agents, buyers, and sellers should take note of this shift as it may signal broader economic or market-specific factors affecting buyer demand. The Austin area, which has seen a robust real estate market in recent years, now faces a downturn that may impact future pricing trends and investment opportunities. Understanding the data behind this decline can help all parties navigate the changing landscape of the Austin real estate market. As we approach the end of 2024, it will be crucial to monitor whether this downward trend continues or if the market stabilizes. For now, the numbers suggest that the Austin real estate market has cooled considerably, with a 20.8% decrease in cumulative sold properties per 100,000 population being the most telling indicator of this shift.

Discover why the Austin real estate market saw a 20.8% drop in sold properties per 100,000 population from January to September 2024. Explore detailed data and trends affecting the six-county region, including Travis, Williamson, and Bastrop counties.

Austin Real Estate Market Decline: Cumulative Sold Properties Drop 20.8% in 2024

September 03, 2024 : As we move into September 2024, the real estate market in the Austin-Area is showing signs of change, characterized by fluctuating inventory levels, shifts in the activity index, and adjustments in the number of pending listings. Understanding these trends is crucial for both buyers and sellers as they navigate the current market conditions. The total number of <a href="https://teamprice.com/active-residential-listings">active residential listings</a> as of September 3, 2024, stands at 14,644. This figure represents a notable decrease from the peak inventory level of 15,503 observed on July 15, 2024. Over the past few weeks, the market has seen a gradual reduction in available listings, with significant daily changes noted. For instance, September 2nd saw a reduction of 276 listings, followed by a further decrease of 81 listings on September 3rd. This decline in inventory suggests that the market is tightening, with fewer homes available for buyers, which could influence market dynamics as we progress through the month. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240903013943.png" alt="" width="" height="" style="" origin-size="1541,1153"></figure></div>​ The <a href="https://teamprice.com/real-estate-glossary/activity-index">Activity Index</a>, an important metric that gauges market activity by comparing pending listings to the total number of active and pending listings, has also experienced shifts. As of September 3, 2024, the Activity Index was recorded at 21.5%. While this marks a slight improvement from earlier in the year, it is still lower than the 26.5% observed around the same time in 2023. The decrease in the Activity Index indicates that while there are transactions occurring, they are happening at a slower pace compared to the previous year. This slowdown could reflect a shift in the market towards more balanced conditions, where neither buyers nor sellers have a distinct advantage. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240903014050.png" alt="" width="" height="" style="" origin-size="1543,1174"></figure></div> Another key indicator, the <a href="https://teamprice.com/real-estate-glossary/months-of-inventory">Months of Inventory (MOI)</a>, provides insights into how quickly homes are selling relative to the current inventory levels. As of September 3, 2024, the MOI stands at 5.23 months, down from 5.41 months at the end of August. A lower MOI suggests that homes are selling more quickly, indicating a steady demand despite the reduced number of active listings. However, the current MOI still points to a balanced market, where supply and demand are relatively even, offering a stable environment for both buyers and sellers. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240903014137.png" alt="" width="" height="" style="" origin-size="1542,1174"></figure></div> Pending listings, which serve as a precursor to future closed sales, have shown some improvement. On September 3, 2024, there were 4,021 pending listings, slightly up from 3,974 on September 2nd. Despite this recent increase, pending listings are still down by 6.7% compared to the same period in 2023, when 4,308 properties were under contract. This year-over-year decline suggests that while there is ongoing buyer interest, it is not as robust as it was last year, possibly due to broader economic factors or shifts in buyer behavior. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240903014222.png" alt="" width="" height="" style="" origin-size="1543,1174"></figure></div> In summary, the Austin area real estate market in September 2024 is characterized by a reduction in inventory, a modest recovery in the <a href="https://teamprice.com/real-estate-glossary/activity-index">Activity Index</a>, and a slight improvement in pending listings. The Months of Inventory metric indicates that homes are selling at a steady pace, maintaining a balanced market overall. As these trends continue to evolve, both buyers and sellers should stay informed about the latest market conditions to make the best decisions. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240903014343.png" alt="" width="" height="" style="" origin-size="1532,1122"></figure></div>​ ​

September 03, 2024 : latest trends in the Austin area real estate market for September 2024. Get insights on inventory levels, Activity Index changes, pending listings, and what these mean for buyers and sellers in the current market

September 2024 Austin Area Real Estate Market Trends

2024 Austin Pending Property Report: A Decade-Low in August Transactions August 22, 2024 : The Austin real estate market has been a focal point of attention for many years, and recent data on pending properties provides a revealing look at current market conditions. As of August 2024, the number of pending properties in the Austin MLS stands at 4,119, marking the lowest August figure since 2014. This trend highlights significant shifts in the real estate landscape that are worth exploring in detail. Historically, the Austin real estate market has seen a consistent rise in the number of pending properties, particularly from 2014 through 2020. In August 2014, there were 4,059 pending properties, which grew to 6,694 by August 2020. This sharp increase was likely fueled by the low interest rates and the significant demand surge due to the COVID-19 pandemic, which saw many individuals seeking to purchase homes. However, this peak was not sustainable, and since 2020, the market has seen a steady decline in pending listings. By August 2021, the number of pending properties had decreased to 5,993, signaling the beginning of a market correction. This downward trend continued in the subsequent years, with 4,593 pending properties recorded in August 2022 and 4,201 in August 2023. The most recent data for August 2024 reveals a further decline to 4,119 pending properties. This number not only reflects a 2% decrease from the previous year but also a 38.5% drop from the high seen in August 2020. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240822103122.png" alt="" width="" height="" style=""></figure></div> The data from 2014 to 2024 provides a clear picture of how the Austin real estate market has evolved. The consistent growth from 2014 through 2020, followed by a gradual decline, suggests that the market is undergoing a period of adjustment. This adjustment could be attributed to several factors, including rising interest rates, economic uncertainties, and the aftereffects of the pandemic-driven boom. As the market begins to stabilize, fewer buyers are entering the market, which is reflected in the decreasing number of pending transactions. Moreover, the year-over-year comparisons highlight the magnitude of the market's downturn. While the 2% decline from August 2023 to August 2024 may seem small in isolation, it is part of a larger trend of diminishing buyer activity that has persisted over the last four years. The data also indicates that the market has not only cooled but is possibly entering a phase of normalization after an unprecedented period of growth. In terms of market cycles, the Austin real estate market appears to be transitioning from a seller’s market to a more balanced or even buyer’s market. This shift is significant for both buyers and sellers. Buyers may find themselves with more leverage as the number of pending listings decreases, while sellers might need to adjust their expectations in terms of pricing and the time it takes to close a sale. In conclusion, the Austin real estate market has seen a notable decrease in the number of pending properties as of August 2024. This decline, the lowest since 2014, reflects broader market trends and economic conditions that have impacted buyer activity. As the market continues to adjust, stakeholders will need to remain vigilant and adapt to the changing landscape to navigate the evolving real estate market effectively.​ <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240822103155.png" alt="" width="" height="" style=""></figure></div>

Discover the latest insights into the Austin real estate market, as August 2024 records the lowest number of pending properties since 2014. Learn about the trends and factors influencing this significant decline in the Austin MLS.

Austin Real Estate Market Sees Lowest August Pending Listings Since 2014

Austin Real Estate Market Update: Understanding Current Trends August 10, 2024 : The Austin real estate market has experienced notable fluctuations over the years, with the most recent data offering valuable insights into its current state. One of the most critical metrics used to evaluate market conditions is the <a href="https://teamprice.com/market-update">Months of Inventory (MOI)</a>, a measure that indicates how long it would take to sell all the homes currently on the market if no new listings were added. The MOI is calculated by taking the average number of units sold monthly over the past year and dividing the current number of active listings by that figure. This calculation provides a snapshot of the market's current supply and demand balance. According to the latest data, the <a href="https://teamprice.com/market-update">Austin-area MOI</a> as of August 2024 stands at 5.3 months. This figure places the market squarely in the "neutral" category, which is defined by an inventory level between 5 and 6.9 months. A neutral market suggests that there is a relatively balanced number of buyers and sellers, with neither group holding a distinct advantage. Historically, the <a href="https://teamprice.com/market-update" class="on">Austin MOI</a> has seen significant variations. For example, in July 2010, the MOI peaked at 8.6 months, indicating a strong buyer's market at the time. In contrast, more recent years have witnessed much lower MOI levels, reflecting tighter market conditions. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240810011723.png" alt="austin-months-of-inventory-2024-update" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-align="center" width="" height="" data-size="," data-percentage="auto,auto" data-index="0" data-file-name="austin-months-of-inventory-2024-update.png" data-file-size="218707" data-origin="," style=""></figure></div> It's important to note that the MOI is considered a lagging indicator, as it reflects the inventory based on the historical absorption of properties. This means it provides insight into past market conditions rather than predicting future trends. To get a fuller picture of the market, it is also essential to consider leading indicators like the "<a href="https://teamprice.com/new-listing-to-pending-ratio">New Listing to Pending Ratio</a>" and the <a href="https://teamprice.com/activity-index-city">Activity Index for cities</a> and the <a href="https://teamprice.com/activity-index-zip-code">Activity Index for zip codes</a>.&nbsp;<a href="https://teamprice.com/new-listing-to-pending-ratio">New Listing to Pending Ratio</a> is (AUC + PB) / (New + BOM). AUC stands for "Active Under Contract," PB stands for "Pending, Taking Backups," New stands for "New Listings," and BOM stands for "Back On Market." A ratio less than one indicates an increase in inventory and a ratio of more than one will indicate a decrease in inventory.&nbsp;​The chart below will show you both the activity index and months of inventory for all 75 zip codes in the Austin-Area. We update this chart daily and you can access an updated version by going to our <a href="https://teamprice.com/active-residential-listings" style="font-size: 18px;">Austin-Area Active Residential Listings</a> resource. The Activity Index is calculated by dividing the number of pending properties by the total number of active and pending properties (Pending / Active + Pending). This ratio shows the current level of market absorption and, when analyzed alongside the MOI, provides a powerful way to understand both leading and lagging market indicators. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240810012018.png" alt="austin-zip-code-activity-index-months-of-inventory-2024" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-align="center" width="" height="" data-size="," data-percentage="auto,auto" data-index="2" data-file-name="austin-zip-code-activity-index-months-of-inventory-2024.png" data-file-size="168979" data-origin="," style=""></figure></div> This neutral stance in the market is further supported by the <a href="https://teamprice.com/active-residential-listings">number of active residential listings</a>. As of the latest update in August 2024, there are 15,690 active residential listings in the Austin area. This inventory provides a comprehensive view of the available housing supply, a critical factor influencing both pricing and market dynamics. A higher number of listings typically gives buyers more options and can lead to longer times on the market for sellers, which is consistent with the current neutral MOI. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240810011828.png" alt="active-listings-austin-august-2024" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-align="center" width="" height="" data-size="," data-percentage="auto,auto" data-index="1" data-file-name="active-listings-austin-august-2024.png" data-file-size="269108" data-origin="," style=""></figure></div> To understand the implications of these figures, it is essential to look at the historical trends. The <a href="https://teamprice.com/insight-and-statistics">Austin real estate market</a> has transitioned through various phases over the past two decades. In the years following the 2008 financial crisis, the MOI reached its highest levels, signifying a period when buyers had a strong upper hand due to the abundance of available properties. As the market recovered, the MOI gradually declined, moving through a seller's market phase, where homes were in high demand and inventory was scarce. The current neutral market indicates a period of stability, where supply and demand are more evenly matched. The data-driven insights provided by the MOI and active listings offer a detailed snapshot of the current Austin real estate market. Understanding these metrics, along with leading indicators like the <a href="https://teamprice.com/new-listing-to-pending-ratio">New Listing to Pending Ratio</a> and the Activity Index, is crucial for both buyers and sellers as they navigate the complexities of real estate transactions. For sellers, knowing that the market is neutral might influence their pricing strategies and expectations regarding how long their home will stay on the market. For buyers, the current MOI suggests that while there are options available, they should be prepared for a market that does not overwhelmingly favor them. As the <a href="https://teamprice.com/insight-and-statistics">Austin real estate market</a> continues to evolve, keeping a close eye on these indicators will be essential for making informed decisions. Whether you are buying or selling, understanding the dynamics of the market can help you navigate the process more effectively and with greater confidence.

August 10, 2024 : Explore the latest trends in the Austin real estate market with our August 2024 update. Learn about current inventory levels, Months of Inventory (MOI), and how leading indicators like the Activity Index and New Listing to Pending Ratio provide a comprehensive market analysis. Stay informed with our detailed market insights.

Austin Real Estate Market Trends: August 2024 Inventory Update and Analysis

Austin Real Estate Market Update: Highest Inventory Levels Since 2011 June 15, 2024 : The Austin real estate market is currently experiencing a significant shift, with inventory levels reaching their highest since October 2011. This change in the market dynamics is evident from the data on active listings and sold properties from 2005 to 2024. By analyzing this data, we can gain a comprehensive understanding of the current trends and their implications for buyers and sellers in the Austin area. In June 2024, the number of active residential listings soared to 15,437. This is a substantial increase from the previous years, reflecting a dramatic rise in inventory. To put this into perspective, the active listings in June 2021 were only 4,913, demonstrating a significant increase in just three years. The last time we saw such high numbers was in June 2010, when active listings reached 14,197. This surge in listings indicates that more properties are entering the market, which could signal a shift towards a buyer’s market. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240615024324.png" alt="" data-rotate="" data-proportion="true" data-align="center" data-size="," data-percentage="auto,auto" data-file-name="active listings.png" data-file-size="117235" data-origin="," style=""></figure></div> The trend in active listings shows fluctuations over the years, with notable peaks during mid-year months. For instance, June 2008 had 13,364 active listings, and June 2024 surpassed this with the highest count of 15,437. This increase can be attributed to various factors, including new housing developments and changes in economic conditions that may have prompted more homeowners to sell their properties. On the other hand, the sold data reveals that the number of properties sold has also seen changes, although not as dramatic as the increase in active listings. In June 2024, 3,300 properties were sold, compared to 4,660 in June 2021. This decline in sales figures, despite the high inventory, suggests a potential cooling in buyer activity. It is essential to consider how this trend affects the overall market, particularly in balancing supply and demand.&nbsp;Analyzing the data from previous years, we see that the number of properties sold tends to peak in mid-year months. For example, in June 2021, 4,660 properties were sold, which was the highest for that year. Similar peaks are observed in other years, such as June 2020 with 4,323 sales and June 2019 with 3,928 sales. This seasonal pattern indicates a consistent trend where more transactions occur during the summer months. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240615024443.png" alt="" data-rotate="" data-proportion="true" data-align="center" data-size="," data-percentage="auto,auto" data-file-name="sold.png" data-file-size="54794" data-origin="," style=""></figure></div> Another crucial metric to consider is the Months of Inventory (MOI), which represents the number of months it would take to sell the current inventory at the present sales pace. In 2024, the MOI stands at 5.3 months, indicating a neutral market. Historically, an MOI of less than 4.9 months signifies a seller’s market, while an MOI of more than 7 months indicates a buyer’s market. The current MOI suggests that the market is balanced but leaning slightly towards buyers due to the high inventory levels. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240615024503.png" alt="" data-rotate="" data-proportion="true" data-align="center" data-size="," data-percentage="auto,auto" data-file-name="months of inventory.png" data-file-size="199371" data-origin="," style=""></figure></div> The data from the past two decades highlights significant shifts in the Austin real estate market. From the low inventory and high sales during the pandemic-driven boom in 2020 and 2021 to the current high inventory and lower sales, the market dynamics have evolved considerably. These changes reflect broader economic trends, including interest rate adjustments, housing policies, and demographic shifts influencing the real estate landscape. Understanding these trends is crucial for both buyers and sellers. For buyers, the high inventory levels mean more options and potentially better deals as sellers may be more willing to negotiate. For sellers, it is essential to price properties competitively and be prepared for longer times on the market. Keeping an eye on these metrics will help market participants make informed decisions. As we move forward, monitoring inventory levels, sales data, and MOI will be vital in predicting future trends and understanding the Austin real estate market's trajectory. The current data provides a snapshot of a market in transition, offering opportunities and challenges for everyone involved.&nbsp;This article is based on data published on June 15, 2024. <a href="https://teamprice.com/insight-and-statistics">Real estate statistics</a> are constantly evolving. For the most current data and analysis, please refer to the following resources, updated weekly: <a href="https://teamprice.com/market-update">Austin-Area Market Update</a>

June 15, 2024 : Explore the latest trends in the Austin real estate market, where inventory levels have reached their highest since October 2011. This detailed analysis covers active listings, sold properties, and months of inventory from 2005 to 2024, offering insights for buyers and sellers.

Austin Real Estate Market Reaches Highest Inventory Since 2011

Let's dive into Austin's housing market to see what's been happening with house prices from May 2022 to March 2024. We'll review the ups and downs of the market to give us some clues about where things might head next. A Quick Overview of the Past Two Years :&nbsp;Starting off in May 2022, the median house price was $550,000. From there, we saw a pretty steady drop in prices for a while. By February 2023, prices had dipped to $435,000, marking a significant decrease. This period was tough, with prices dropping by around 21% from the starting point. But then, things started to look up. Prices began to climb again, reaching $475,156 by June 2023. However, this growth wasn't steady, and prices went through a few more ups and downs before hitting a low of $420,000 in November 2023. Yet, by March 2024, we saw prices climbing back up to $455,000. Taking a Closer Look at Recent Changes :&nbsp;Focusing on the more recent months, from the end of 2023 to early 2024, there's been a bit of a roller coaster. After a dip in January 2024, prices started to pick back up in February and March. This kind of fluctuation shows that the market is trying to find its footing again after the earlier drops. What's Behind These Changes? Several factors influence house prices, like changes in the economy, how many houses are for sale, and how many people want to buy. The drop in prices we saw is due to tougher inflationary times and changes in interest rates. But the recent signs of recovery could mean the market is starting to balance out again. So, Are Prices Still Going Down?&nbsp;It looks like the worst of the price drops might be behind us. The latest data shows prices beginning to rise again, suggesting that the market might be moving toward a more stable state. This could be good news for buyers looking for a deal and sellers hoping for better prices. However, the housing market can always change, influenced by bigger economic trends or local demand. It's important for both buyers and sellers to keep an eye on these trends and think about how they fit into the bigger picture. Wrapping Up :&nbsp;After a rough patch, the Austin housing market is showing signs of improvement, with prices starting to climb again in the early months of 2024. Whether this upward trend will hold is still up in the air, but for now, it seems like things are getting better.​ Current Market Insights : <a href="https://teamprice.com/market-update">Market Update</a> / <a href="https://teamprice.com/insight-and-statistics">Insight &amp; Statistics</a>&nbsp; <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240327031533.png" alt="" data-rotate="" data-proportion="true" data-align="center" data-size="," data-percentage="auto,auto" data-file-name="Are house prices still declining in Austin.png" data-file-size="381903" data-origin="," style=""></figure></div>

<h2 style="text-align: center;">Up to Date Market Cycle Data Updated Weekly</h2>
<iframe src="https://drive.google.com/file/d/14Svbl3FbEntRHDSw_VcQm6oJVUI6IWCs/preview" width="100%" height="700px" margin="auto" title="Market Cycle"></iframe>

Explore the latest trends in Austin's real estate market from May 2022 to March 2024. Find out if the median house prices are finally stabilizing after a period of decline and what this means for buyers and sellers in Austin, TX

Are house prices still declining in Austin? Austin's Housing Market: What's Happening with Prices?

Are house prices still declining in Austin?

<h1>Is Austin a Buyer or Seller Market?</h1>In the landscape of real estate, understanding the market's current state is crucial for both buyers and sellers. One key metric that offers insight into this is the "Months of Inventory" (MOI). This figure represents the time it would take for all current homes on the market to sell given the current pace of sales. Analyzing MOI helps delineate whether we're in a seller's, neutral, or buyer's market. This article delves into the Austin real estate scene, dissecting the MOI across various areas to offer a comprehensive market update.&nbsp;The current analysis of Austin's real estate inventory reveals a diverse market, with significant variation across different areas. With an average MOI of 5.47, the broader Austin market appears to lean slightly towards a neutral market. However, this overarching figure masks the nuances of local micro-markets. Seller's Market: Characterized by less than 4.9 months of inventory, a seller's market indicates a higher demand for homes than the supply can meet. In such markets, sellers often enjoy the upper hand, with multiple offers driving up property prices. Homes tend to sell quickly, and buyers must act swiftly and decisively to secure their desired property.&nbsp;About half of the analyzed areas, including Hutto, Cedar Park, and Manor, feature less than 4.9 months of inventory, categorizing them as seller's markets. In these locales, sellers enjoy a competitive edge, with properties often receiving multiple offers and selling above the asking price. Buyers in these markets need to make quick, competitive bids to secure homes. The following cities are currently experiencing a seller's market: Austin (4.41 months) Bastrop (3.31 months) Buda (3.49 months) Cedar Park (2.95 months) Georgetown (3.63 months) Hutto (1.43 months) Jarrell (4.02 months) Kyle (4.25 months) Leander (3.44 months) Liberty Hill (4.58 months) Manchaca (4.00 months) Manor (2.90 months) Pflugerville (2.44 months) Round Rock (2.70 months) Neutral Market: Falling between 5 and 6.9 months of inventory, a neutral market strikes a balance between supply and demand. Neither buyers nor sellers have a distinct advantage, leading to more predictable pricing and a moderate pace of sales. This equilibrium allows for more negotiation room for both parties, creating a fair playing field.&nbsp;A significant portion of the Austin area, representing about a third of the market, falls into the neutral category. Areas like Driftwood, Liberty Hill, and San Marcos exhibit a balanced market dynamic. Buyers and sellers in these regions can expect a more measured transaction process, with neither party feeling pressured by extreme market conditions. Cities within this balanced market include: Cedar Creek (5.33 months) Dale (6.22 months) Del Valle (6.58 months) Driftwood (5.23 months) Dripping Springs (6.37 months) Elgin (6.77 months) Lockhart (5.95 months) Marble Falls (5.19 months) San Marcos (4.98 months) Taylor (5.78 months) Buyer's Market: With more than 7 months of inventory, buyer's markets are characterized by a surplus of homes for sale. This scenario tips the scales in favor of buyers, who can leverage the higher inventory to negotiate better prices, terms, and conditions. Sellers may need to be more patient and flexible to attract offers.&nbsp;The analysis identifies several areas, including Lago Vista, Smithville, and Spicewood, as buyer's markets. These areas, with their extended inventory, offer buyers the advantage of choice and negotiation power. Sellers in these markets may need to adjust expectations and strategies to attract interest. The cities in the Austin area that are currently buyer's markets include: Burnet (11.00 months) Lago Vista (11.00 months) Smithville (11.00 months) Spicewood (11.00 months) Wimberley (8.45 months) Is Austin a buyer or seller market?&nbsp;Considering the average months of inventory across various areas, the Austin real estate market currently presents a nuanced picture. While the average leans towards a neutral market, individual neighborhoods vary significantly, ranging from seller's to buyer's markets. Buyers and sellers should consider local MOI data to understand the specific market conditions they're entering. Conclusion :&nbsp;The Austin real estate market is diverse, with varying conditions across different areas. Understanding the current months of inventory is essential for navigating this complex landscape effectively. Whether you're buying or selling, a nuanced appreciation of local market dynamics can guide your decisions, ensuring you approach transactions with the right strategy and expectations. The Austin real estate scene offers opportunities and challenges, with market conditions fluctuating between seller's, neutral, and buyer's markets depending on the area. By staying informed and adapting to these conditions, participants in the Austin real estate market can navigate their transactions more successfully and strategically. As of today, March 14th, 2024, the insights and analysis presented in this article reflect the current state of Austin's real estate market, capturing the nuances of the "Months of Inventory" across various cities. It's important to note that this information is dynamic, changing daily based on fluctuations in inventory availability and sales activities over the past 90 days. For those seeking the most current and up-to-date analysis of the market conditions by city, a wealth of resources and updates can be found at <a href="https://teamprice.com/type-of-market-city">Type of Market: Navigating Central Texas Real Estate - In-Depth Insights for 30 Cities</a>. <a href="https://teamprice.com/">Team Price Real Estate</a> offers real-time insights, ensuring you have access to the latest data to make informed decisions in the ever-evolving Austin real estate landscape.​ <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240315011631.png" alt="" data-rotate="" data-proportion="true" data-align="center" data-size="," data-percentage="auto,auto" data-file-name="inventory.png" data-file-size="108638" data-origin="," style=""></figure></div>

Discover whether Austin is currently a buyer's or seller's market. Get the latest analysis on months of inventory across Austin's cities, understanding market dynamics to make informed real estate decisions. Visit us for daily updates on Austin's real estate trends.

Is Austin a Buyer or Seller Market?

Is Austin a Buyer or Seller Market? An In-Depth Analysis of Months of Inventory

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