(Data provided by the Austn Board of Realtors)
Housing inventory increases across MSA, four months of inventory available in multiple markets
AUSTIN, Texas —In March, new home listings across the Austin-Round Rock-Georgetown MSA jumped to 4,714 new listings, 10.2% more than March 2023, leading to multiple markets reaching four months of inventory, according to the latest Central Texas Housing Report released by Unlock MLS. The data indicates that homeowners have confidence in their ability to sell their homes for good value while buyers now have a larger selection of home options, helping to keep price growth flat.
Austin Round-Rock-Georgetown MSA
2,563 – Residential homes sold, 0.3% less than March 2023.
$450,000 – Median price for residential homes, flat to March 2023.
4,714 – New home listings on the market, 10.2% more than March 2023.
9,478 – Active home listings on the market, 7.6% more than March 2023.
3,116 – Pending sales, 9.4% more than March 2023.
3.8 – Months of inventory, 0.7 months more than March 2023.
$1,485,910,275 – Total dollar volume of homes sold, 2.1% more than March 2023.
94.8% – Average close to list price, compared to 90.3% in March 2023.
Travis County
1,190 – Residential homes sold, 1.4% more than March 2023.
$510,000 – Median price for residential homes, flat to March 2023.
2,320 – New home listings on the market, 3.3% more than March 2023.
4,695 – Active home listings on the market, 11.8% more than March 2023.
1,433 – Pending sales, 6.5% more than March 2023.
4.1 – Months of inventory, 1.3 months more than March 2023.
$828,335,704 – Total dollar volume of homes sold, 5.1% more than March 2023.
94.5% – Average close to list price, compared to 94.6% in March 2023.
Williamson County
869 – Residential homes sold, 6.9% less than March 2023.
$420,000 – Median price for residential homes, 1.6% less than March 2023.
1,398 – New home listings on the market, 11.2% more than March 2023.
2,593 – Active home listings on the market, 3.2% less than March 2023.
1,100 – Pending sales, 11.8% more than March 2023.
3.0 – Months of inventory, flat to March 2023.
$419,596,592 – Total dollar volume of homes sold, 7.8% less than March 2023.
95.4% – Average close to list price, compared to 81.4% in March 2023.
Hays County
360 – Residential homes sold, 4.3% more than March 2023.
$388,005 – Median price for residential homes, 0.5% less than March 2023.
689 – New home listings on the market, 23.0% more than March 2023.
1,518 – Active home listings on the market, 11.8% more than March 2023.
416 – Pending sales, 9.8% more than March 2023.
4.3 – Months of inventory, 0.6 months more than March 2023.
$178,549,900 – Total dollar volume of homes sold, 6.3% more than March 2023.
94.9% – Average close to list price, compared to 93.4% in March 2023.
(For the full story, visit: https://www.abor.com/march-2024-central-texas-housing-market-report)