Austin Real Estate Market Sees Growth in Pending Listings and Activity Index in 2024 The Austin real estate market in 2024 has witnessed some notable trends, particularly regarding pending listings, active listings, and months of inventory. With an increasing number of pending transactions, active listings have been on a steady decline, driving up the market's <a href="https://teamprice.com/real-estate-glossary/activity-index">activity index</a> and reducing <a href="https://teamprice.com/real-estate-glossary/months-of-inventory">months of inventory</a>. Understanding these dynamics is crucial for buyers, sellers, and real estate professionals looking to navigate the changing market conditions. As of October 23, 2024, the number of pending listings in Austin stands at 4,179, a 5.1% increase compared to the 3,977 pending listings reported in 2023. This rise in pending listings has a direct impact on the availability of active residential properties. For instance, on the same date, there were 14,271 active listings, reflecting a 3.14% year-over-year decrease. This decline in active listings has been consistent throughout the year, with several days in September and October 2024 showing similar trends. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241023015656.png" alt="" width="" height="" style=""></figure></div> Between September 11 and October 23, 2024, the number of active listings fluctuated, reaching a high of 14,875 on September 23 before dropping to the 14,271 seen in late October. Throughout this period, the daily changes in active listings remained modest, but the cumulative effect over time is clear—a shrinking pool of available properties for buyers to choose from. This trend is especially relevant in a market where demand remains high. The <a href="https://teamprice.com/real-estate-glossary/activity-index">activity index</a>, a key measure that reflects market conditions by dividing pending listings by the sum of active and pending listings, has also been on the rise. On October 23, 2024, the activity index reached 22.7%, a substantial increase compared to previous months. This uptick in the <a href="https://teamprice.com/real-estate-glossary/activity-index">activity index</a> indicates that a larger proportion of the available housing inventory is moving toward closing. As pending sales rise and active listings decrease, the activity index becomes an essential tool for gauging the competitiveness of the market. Another important metric is <a href="https://teamprice.com/real-estate-glossary/months-of-inventory">months of inventory</a>, which represents the time it would take for the current inventory of homes to sell given the current sales pace. On October 23, 2024, Austin’s months of inventory dropped to 5.07 months, down from 5.18 months in mid-September. This decline in months of inventory suggests that the Austin housing market is tightening, with fewer homes available relative to buyer demand. Lower months of inventory often lead to a more competitive market, where buyers must act quickly to secure a property. The data from 2024 paints a picture of a market where increased buyer activity, as shown by rising pending listings, is driving down the availability of homes, thus tightening the market further. This environment is expected to influence pricing, negotiations, and how long homes stay on the market. For buyers, it means being prepared to move quickly, while sellers may find themselves in a favorable position with more leverage in negotiations. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241023015727.png" alt="" width="" height="" style=""></figure></div> In conclusion, the Austin real estate market in 2024 is characterized by rising pending listings, decreasing active listings, and a tightening inventory. These factors contribute to a more competitive environment for buyers and sellers alike, emphasizing the importance of staying informed about current market conditions. Real estate professionals should continue to monitor these trends as they evolve throughout the year.&nbsp;

Discover how Austin’s real estate market in 2024 is shifting with rising pending listings, falling active inventory, and a tightening market. Learn how these trends are driving up the activity index and reducing months of inventory, creating a more competitive environment for buyers and sellers

2024 Austin Housing Market: Rise in Pending Listings and Falling Active Inventory

Austin Real Estate Market Update: Pending Listings Reach New High in September 2024 September 16, 2024 : The Austin real estate market continues to show dynamic changes as we head into September 2024. One of the most notable shifts in the market is the rise in pending listings, which have reached 4,100 on September 16, 2024. This marks the highest number of pending listings in a month, showcasing an increase in buyer activity despite the broader market trends. Although pending listings have risen, they are still down -2.9% year-over-year (YoY), reflecting the impact of a market in transition. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240916014447.png" alt="" width="" height="" style=""></figure></div>​ Simultaneously, the number of <a href="https://teamprice.com/active-residential-listings">active residential listings in the Austin</a> area has decreased, with 14,838 active listings as of the same date. This represents a significant decline of -19.7% compared to September 2023. Month-over-month (MoM), the active listing count dropped by -2.32%, indicating a steady contraction in available homes. The steady drop in active listings, coupled with the rise in pending listings, suggests that homes are selling more quickly, leading to fewer options for prospective buyers. The Austin real estate market’s <a href="https://teamprice.com/real-estate-glossary/activity-index">Activity Index</a>, a key indicator of market absorption, stands at 21.6% as of mid-September. The Activity Index is calculated by dividing the number of pending properties by the total number of active and pending listings. This figure shows the rate at which homes are moving from being listed to going under contract. With pending listings at their highest in a month, it’s clear that buyer demand remains strong in the region. In addition to these numbers, the months of inventory available in the Austin market is another important measure. As of September 16, 2024, there are 5.31 months of inventory on hand. <a href="https://teamprice.com/real-estate-glossary/months-of-inventory">Months of inventory</a> is calculated by dividing the number of active listings by the number of homes sold in the past year. This metric helps determine how balanced the market is between buyers and sellers. A balanced market typically has about 5 to 6 months of inventory, which suggests that Austin is in a relatively stable position despite the fluctuations in active and pending listings. While pending listings have risen, the trend leading up to this point showed notable fluctuations. For example, between August 26, 2024, and September 16, 2024, pending listings varied from a low of 3,974 on September 2, 2024, to their peak of 4,100 on September 16, 2024. Meanwhile, active listings showed a steady decrease, highlighting the ongoing reduction in housing supply, which could be contributing to the heightened buyer interest. Overall, the data suggests that the Austin housing market is experiencing a shift, with fewer homes available for sale but strong buyer interest pushing pending listings to new heights. This tight inventory and increased pending activity may signal that buyers are taking advantage of more favorable conditions, such as competitive pricing and improving market trends.

Discover the latest update on the Austin real estate market in September 2024. Pending listings have hit 4,100, the highest in a month, while active listings continue to decline. Learn more about the market trends, inventory, and what this means for buyers and sellers in Austin.

Austin Real Estate Market Update: Pending Listings Hit 4100 in September 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 Real Estate Activity Index: What the Numbers Reveal​August 19, 2024 : As the real estate market in Austin, Texas, continues to evolve, it is crucial to understand the current dynamics shaping the industry. One key metric that offers insight into market activity is the <a href="https://teamprice.com/real-estate-glossary/activity-index" style="font-size: 18px;">Activity Index</a>, which measures the percentage of pending listings compared to the total number of active and pending listings. This index provides a snapshot of the market's momentum, indicating whether buyer activity is increasing or declining.​In 2023, the Austin-area real estate market exhibited significant activity, peaking on April 29 with an <a href="https://teamprice.com/real-estate-glossary/activity-index" style="font-size: 18px;">Activity Index</a> of 36.66%. This figure was reflective of a market where buyer interest was high, and properties were being absorbed at a rapid pace. However, as the year progressed, the Activity Index showed a gradual decline, signaling a reduction in market activity. By November 2023, the index had dropped noticeably, underscoring a shift in market conditions. Fast forward to 2024, and the story has taken a different turn. The Activity Index on March 21, 2024, was recorded at 30.78%, already lower than the peak levels observed in 2023. This early indication of reduced activity set the tone for the rest of the year. As of August 19, 2024, there are 15,191 active listings on the Austin-area MLS, with 4,077 properties pending. This gives us an Activity Index of 21.2%, a stark contrast to the higher levels seen the previous year. The current index not only highlights a continued decrease in buyer activity but also suggests a market that may be becoming more saturated with active listings and fewer properties moving to the pending stage. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240819070737.png" alt="" width="" height="" style=""></figure></div> The downward trend is further emphasized when comparing the 2023 and 2024 Activity Indexes directly. The difference between the overall Activity Index in 2023, which averaged around 28.3%, and the current 2024 index of 21.2%, represents a significant drop of approximately 25.3%. This decline is indicative of changing market conditions, where there may be more inventory available but less urgency among buyers to make purchases. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240819070135.png" alt="" width="" height="" style=""></figure></div>​ This analysis of the Austin-area real estate market through the lens of the <a href="https://teamprice.com/real-estate-glossary/activity-index">Activity Index</a> reveals a market in transition. The data points to a decrease in buyer activity, which could be attributed to various factors such as rising interest rates, changes in buyer sentiment, or an increase in housing supply. As we move further into 2024, monitoring the Activity Index will be essential for both buyers and sellers to navigate the evolving market landscape effectively. ​​

August 19, 2024 : Latest trends in the Austin real estate market with an in-depth analysis of the Activity Index. Discover how the 2024 market is evolving compared to 2023 and what this means for buyers and sellers.

Austin Real Estate Market 2024: Activity Index Reveals Decline

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<h2>pending listings Austin</h2>Find articles about Real Estate relating to this article tag.

pending listings Austin

2024 Austin Housing Market: Rise in Pending Listings and Falling Active Inventory

Austin Real Estate Market Update: Pending Listings Hit 4100 in September 2024

September 2024 Austin Area Real Estate Market Trends

Austin Real Estate Market 2024: Activity Index Reveals Decline

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