August ABoR Stats
The August 2022 Austin Board of Realtors Stats are here! The average sales price went up 5% year over year to $496,000 in the month of August. Active listings increased to a whopping 170%, causing housing inventory to jump to 2 months of inventory.
“Market shift does not mean that we are in a downturn, and it doesn’t mean that Central Texas home values have been overvalued,” Cord Shiflet, 2022 ABoR president, said. “Home prices are still appreciating, just at a more reasonable rate, that’s more in line with what we have seen historically. Homes are still selling close to list price, which is great news for buyers and healthy for our housing market. If you’ve been thinking about selling your home, it’s important to work with a REALTOR® and make sure you’re pricing your property correctly in the middle of this changing market.“
If you are looking to buy, NOW is the time!
As always, if you are thinking of selling or just wondering what your home might be worth, reach out to the team member and schedule a time to get some honest answers about your neighborhood market.
For the full market report, please click here