Buyers Have Leverage, Inventory Still Low
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Buyers Have Leverage, Inventory Still Low
March 24th, 2023
February Market Report
In February, home buyers continued to gain leverage across the Austin-Round Rock MSA as housing inventory increased to 2.6 months according to the Austin Board of REALTORS® latest Central Texas Housing Report. This increase in supply fuels growing confidence in the market from REALTORS® and home builders across Central Texas. “Austin’s housing market is trending in the right direction.”
Buyers are back in the market, but the data highlights that inventory remains incredibly low. Homes are staying on the market a little longer and sellers are having to do more to prepare their homes for market and to keep buyers in the deal.
Months of Inventory: 2.6 +2.3 YoY
Active Listings: 5,167 +499.3% YoY
Closed Sales: 2,106 -117.2% YoY
Average Days on Market: 84 +55 days YoY
Average Days to Close: 42 -5 days YoY
Median Price: $436,419 -12.2% YoY
Source: Austin Board of Realtors
Featured Listings
555 E. 5th Street #901
3408 Stratford Hills Lane
1609 Harford Road, Unit A
What's Happening
Dell Match Play
Sunday, March 26th | 9:00 AM
With a rare, match-play format consisting of the top 64 players in the Official World Golf Rankings, the Dell Technologies Match Play field annually consists of the very best players from around the world from all Tours. TICKETS
Rodeo Austin is one of America’s top 5 Pro Rodeos! The two-week long event provides gritty fun while also raising millions to support Texas children! Join in the fun and check out the line up here!
MORE
Playdates in the Park
Playdates in the Park is an inclusive, free community event series in partnership with Creative Action designed to activate families with small children in our local parks through storytelling, music and movement. MORE
Bar Peached Brunch
The Sunday Brunch you know and love — now available 𝘈𝘓𝘓 𝘞𝘌𝘌𝘒𝘌𝘕𝘋! Starting March 25th, we’ll be open for Brunch on Saturday mornings from 11am-2:30pm as well as Sunday! You’ll also find a couple of new additions to the brunch menu including Steak & Eggs and Social Burger. MORE
WHAT IS YOUR HOME WORTH?
Knowing what your home is worth is important information to have if you are thinking of selling your home. Call Courtney 512-809-5495 for a current pricing analysis and a customized strategy for selling your property in today’s market.
Courtney Oldham
- Broker Associate, Oldham Group
- 512.809.5495
- 512.575.3644
- [email protected]
© Compass 2024 | All Rights Reserved by Compass | Made in NYC
The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.
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The Oldham Group is a team of real estate agents affiliated with Compass. Compass is a licensed real estate broker and abides by all applicable Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
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