July Market Statistics for the Austin and Round Rock Market Areas
The Austin area has been on the decline in year-over-year (YOY) sales volume, and total dollar volume has gone from $2.35B to $1.84B YOY. The ongoing question will be about inventory; many anticipate Active Listings to go down from here, and sales should pick back up as mortgage rates stabilize. In the meantime, it’s more leverage for would-be buyers in the market than Austin has seen in a while.