Austin Real Estate Market Sees Month-Over-Month Growth

March 10, 2023 : According to the Austin real estate market's Friday summary on March 10, 2023, the average sold price for properties was $596,461. This represents an 11.91% month-over-month increase in dollars, or $63,478. However, the year-over-year difference shows a decrease of -7.75%, or -$50,122. The median sold price was $455,000, with a 4.60% month-over-month increase in dollars, or $20,000. The year-over-year difference in median sold price was -12.50%, or -$65,000.

 

Furthermore, the average sold price to list price ratio was 97.39%. This ratio indicates the percentage of the original listing price that a property sold for on average. It shows that properties are selling close to their asking prices in the Austin real estate market.


Overall, the Austin real estate market has experienced significant month-over-month growth in both average and median sold prices. However, the year-over-year differences show a decline, which could suggest a possible cooling off of the market. Nonetheless, the average sold price to list price ratio indicates that the market is still relatively strong, and properties are selling at prices close to their initial listings.

We invite you to keep visiting our website for the most current and accurate Austin real estate statistics. Please note that the information provided in this article is as of March 10, 2023, and real estate market trends can change frequently. By regularly checking our site, you can stay up-to-date with the latest market trends, including changes in the average sold price, median sold price, and other relevant metrics. To access the most recent Austin real estate statistics, simply click on the "Insights" tab on our website. We hope that our website will serve as a valuable resource for you as you navigate the Austin real estate market.