Apr 132 min read

Austin's March 2024 Real Estate Statistics

AUSTIN, TEXAS ~ March 2024 housing market statistics have been released by the Austin Board of Realtors® (ABoR). For the 22nd consecutive month, the Austin-Round Rock MSA housing market continued its normalizing trend with more available inventory. Let's look closer at the year-over-year highlights for the Austin-Round Rock MSA and Williamson County. In the Austin-Round Rock MSA:

Rising Metrics:

New listings increased by 10.2% to 4,714
Active listings increased by 7.6% to 9,478
Housing inventory increased by 0.7 months to 3.8 months available, which remains below the Texas Real Estate Research Center at Texas A&M University's benchmark of 6 months to maintain a balanced housing market

Decreasing Metrics:

Closed sales decreased by <1% to 2,563

Remaining Flat:

The median sales price stood at $450,000
Average days on the market remained at 80 days.

In Williamson County:

Rising Metrics:

New listings increased by 11.2% to 1,398

Decreasing Metrics:

Closed sales decreased by 6.9% to 869
Active listings decreased by 3.2% to 2,593
The median sales price decreased by 1.6% to $420,000
Average days on the market decreased by 7 days to 75 days

Remaining Flat:

Housing inventory remained flat at 3.0 months available. As with the greater Austin-Round Rock metro, this is still well below the Texas Real Estate Research Center at Texas A&M University's benchmark of 6 months to maintain a balanced housing market.

What do these metrics indicate for those looking to make a real estate move in the Austin area?

If you're looking to purchase a home or investment property, now is a good time to take advantage of the softer median home price and increased inventory. If you'd like to speak with my clients who have recently closed or who are under contract, they are happy to share their experience working with me. If you're looking for financing options, I can also connect you with my trusted lending network which can help you explore options - consultations are free!
If you're selling you're still in a solid position to make a timely move even though there's increased competition. Contact me and I can provide you with a complimentary, current competitive market analysis for your home. This will help you understand what your home is likely to sell for given the changing dynamics of the Central Texas real estate market.

Ready to make your next real estate move? Connect with me and let's discuss your goals and the current market conditions and let's set a plan to leverage both to your advantage!