Austin, TX Real Estate Market Report – April 2023
The Austin real estate market in April 2023 demonstrated positive MoM trends:
- Median Price: Increased to $466,705, reflecting a 3.7% growth from the previous month.
- Active Listings: Increased to 8,285.
- Months Inventory: Slightly increased to 3.2 months, indicating a balanced market.
- Days on Market: Decreased MoM to 71 days, showing increased demand and faster sales.
- Days to Close: Decreased to 38 days, indicating an efficient process.
- Median Price/Sq Ft: Increased to $233.70.
- Median Home Size and Year Built: Increased to 2,005 sq ft and shifted to 2013, respectively.
- Close/Original List Price: Improved to 93.9%.
If you are thinking about buying or selling, it is important to work with a qualified realtor who can help you navigate the current market conditions. Schedule a consultation here.
Learn More
The Texas Real Estate Research Center is a valuable resource for real estate professionals, investors, and anyone interested in learning more about the Texas real estate market.
https://www.recenter.tamu.edu/
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