Austin Real Estate Hits a Historic High in Inventory: Time to Dive In?
Published | Written by Dan Price
Today marks a momentous occasion for the Austin, Texas real estate market. The active residential listings have reached a record-breaking number of 11,623, the highest since October 2016. This surpasses the recent historical high of 11,573 recorded on October 28, 2022. If you’ve been contemplating buying or selling a home in Austin, this could be the golden opportunity you’ve been waiting for.
Austin's real estate market has been notoriously competitive over the years, with a limited inventory of homes available for eager buyers. However, this spike in inventory indicates a shift that benefits both buyers and sellers. Buyers now have more options to choose from, potentially leading to finding the perfect home without the fierce competition of the past. Sellers, on the other hand, can capitalize on the influx of individuals and families looking to move to the area, making it an opportune time to list properties.
Furthermore, this impressive inventory growth since April 2022, where there were a mere 2,031 active listings, reflects the city’s efforts in meeting the housing demands of its growing population. Austin, with its booming tech industry, vibrant culture, and excellent quality of life, continues to attract newcomers.
For those considering relocating to Austin, this increase in inventory means a wider range of housing options. Whether you’re looking for a cozy single-family home or a modern condominium, the choices are plentiful. As a real estate broker, I urge potential buyers and sellers to seize this moment. If you're looking to make a move in the Austin real estate market, now is the time to dive in. Don’t let this unprecedented inventory surge pass you by. *This article is intended for informational purposes. Please consult a local real estate expert for personalized advice.*