Austin Housing Market Statistics December 2023
CENTRAL TEXAS HOUSING MARKET SET PRICE RECORDS, SHIFTED TOWARDS BUYERS IN 2022
Region now has more inventory, increasing interest rates and construction costs contributing to affordability issues
Austin, TX - In 2022, the median price for a home in the Austin-Round Rock MSA set a new annual record of $503,000, according to the December 2022 and Year-End Central Texas Housing Market Report released by the Austin Board of REALTORS®. Despite this record, the housing market continued shifting towards buyers as home sales declined 18.3% to 33,547 homes sold last year and inventory increased, with homes on the market for 31 days, 11 days more than in 2021.
For additional commentary from the Austin Board of Realtors (ABOR) and market statistic breakdowns for the city of Austin and by county (Bastrop, Caldwell, Hays, Travis and Williamson), view the detailed reports by clicking below.