June 07, 2024 : The Austin-Area Multiple Listing Service (MLS) has reached a milestone in residential real estate listings. On June 7, 2024, the number of active residential listings hit an all-time high of 14,647. This significant increase in listings marks a pivotal moment for the Austin real estate market.
The data from April 26, 2024, to June 7, 2024, reveals a consistent upward trend in active listings. Starting with 13,089 active listings on April 26, the market saw fluctuations with daily changes ranging from notable increases, such as 423 new listings on May 10, to decreases, like the drop of 152 listings on June 4. Weekly changes also varied, reflecting periods of heightened listing activity.
Month-over-month (MoM) changes further highlight the market's growth. On May 31, the MoM percentage change was 9.46%, and by June 7, it reached 6.22%. These figures indicate a steady rise in the number of homes available, contributing to the overall expansion of the real estate market in Austin.
Year-over-year (YoY) comparisons show substantial growth as well. The highest YoY change recorded was 33.9% on May 10, showcasing a significant increase from the same period last year. This increase underscores the dynamic nature of Austin's real estate market, driven by a surge in both listings and buyer interest.
Pending listings, which represent properties under contract, also experienced variations. The number of pending listings started at 5,076 on April 26 and slightly decreased to 4,845 by June 7. This trend, combined with the Activity Index, offers insights into market activity levels. The Activity Index fluctuated, with peaks and troughs corresponding to changes in active and pending listings.
Another key metric, the total number of properties sold in the past year, remained relatively stable, hovering around 34,000 to 34,500. The months of inventory, which indicates how long the current listings would last at the current sales pace, increased over time. This metric rose from 4.52 months on April 26 to 5.12 months on June 7, suggesting a slowing market pace as more homes became available.

Graphical data comparing active listings from 2023 to 2024 shows a clear upward trend in 2024. The graph titled "Active Listings: 2023 vs 2024" highlights a 27.3% increase in listings this year, underscoring the significant growth in the market. Another graph tracking the progression of active listings over time reveals fluctuations and peaks, with the highest point recorded in June 2024.

In addition to these findings, the population-adjusted data provides another layer of understanding. When adjusted for population, the Austin-area MLS would need 20,200 active listings to reach a record high. The historical data from 2005 to 2024 shows how the number of active listings per 100,000 population has varied significantly over the years. For example, the highest values were recorded in June 2008 (804) and June 2010 (809), while the lowest values were observed in 2021, with a minimum of 92 in April.
From 2022 to 2024, there has been a rapid increase in active listings, with 2024 reaching a peak of 517 listings per 100,000 population in May. Although the current market is highly active with 14,647 listings, it still falls short of the population-adjusted record high required to make a new record. We would need 20,200 active listings to achieve this population-adjusted record high.

This comprehensive data analysis provides valuable insights into the trends and fluctuations in the Austin real estate market. The increase in active listings, combined with detailed changes in daily, weekly, and monthly numbers, paints a clear picture of a growing and dynamic market. These trends are crucial for understanding current market conditions and predicting future developments in Austin's real estate sector.
This article is based on data published on June 07, 2024. Real estate statistics are constantly evolving. For the most current data and analysis, please refer to the following resources, updated weekly: Active Residential Listings in the Austin-Area
Keep reading other bits of knowledge from our team.
Have a question about this article or want to learn more?