Austin Board of Realtors (ABoR) Stats October 2022
The October 2022 Austin Board of Realtors stats are in! The average sales price increased 4% year over year to $474,990 in the month of October. Active listings saw an 180% increase with 9,562 available homes, but closed sales decreased 29% to 2,244 closings during this time. The median days on market was 47 days, which was a 26 day increase compared to September of 2022
October 2022 Austin - Round Rock MSA Stats
“Austin’s housing market is still growing, just at a different pace,” Cord Shiflet, 2022 ABoR president, said. “We’re entering the time of year that is historically a quieter time for home sales. With more available inventory than our area has seen in a decade and price growth stabilizing, buyers have more options today than ever before. Now is the time for homebuyers to sit down with their REALTOR® and walk through all possible financing and down payment options.”
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