The Austin real estate market, covering Travis, Williamson, Bastrop, Hays, Caldwell, and Burnet counties, has shown some interesting changes this April 2024. Let's dive into the numbers to see what's going on.

First off, homes in April were sold for about 95.46% of their original asking price. That's the highest percentage we've seen since August 2022, which had a slightly higher percentage of 96.46%. When we talk about the original list price, we mean the price a home is first put up for sale in the MLS. That number can change over time as sellers adjust their expectations before the home officially goes under contract.

So, who's getting what they ask for? Well, in April, most homeowners didn't get their full asking price. In fact, 60.4% sold their homes for less than the list price. But it's not all bad news; some folks managed to sell right at their list price (that's 21.2% of them), and a lucky few, 18.4%, sold their homes for more than they asked. This is pretty good compared to recent times, especially since back in September 2022, only 21.8% of homes sold above the list price.

Let's look back a bit. The start of 2022 was pretty good for sellers, with homes often selling for more than the asking price. But by December 2022, the numbers dipped, with homes selling for less than the asking price, which was a trend for a while. However, since early 2023, things have started to pick back up, and this April's numbers show that the market is getting stronger again.

These numbers are important. They help us understand what's going on in the Austin area's housing market. A high percentage of homes selling over the list price could mean that there's a lot of competition between buyers, and sometimes they're willing to pay more to get the house they want. When the percentage is lower, it could mean there are more houses available, or maybe buyers are just not willing to pay as much.

What does all this mean for you? If you're selling, it's a sign that things might be looking up, and you could get a good price for your house. If you're buying, it's useful to know how much wiggle room you might have in negotiations. And if you're just keeping an eye on the market, these figures show that the Austin area is bouncing back and might continue to grow.

In short, keeping track of these trends can help everyone, whether you're buying, selling, or investing in real estate here in the Austin area, make smarter decisions. This data is as of April 13, 2024. If you would like up to date information on the Sold to List Price Ratio, you can access that information here : Sold to List Price Ratio