Austin Housing Market Statistics January 2023
AUSTIN-ROUND ROCK MSA HOUSING MARKET CONTINUES TO NORMALIZE; REALTORS® REPORT RECENT UPTICK IN ACTIVITY
Despite price decreases and inventory gains, region needs more housing
Austin, TX - In January, median home prices dropped 6.3% to $450,000, the largest price drop since July 2011, according to the Austin Board of REALTORS® latest Central Texas Housing Report. Despite the price decrease, monthly housing inventory stayed flat at 2.7 months of inventory from December 2022, demonstrating that this market is still in need of more housing as the industry standard is that six months of available inventory is considered a balanced market between buyers and sellers.
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.