Austin Region Market Statistics | August 2022

The Austin real estate market continues to see soft demand when compared YOY. Months of inventory is steadily rising as is the average days on market. The Federal Reserve has indicated that it will continue to hike interest rates to tame inflation, which will probably cause mortgage rates to continue rising. Sellers will need to be realistic with their asking prices and buyers will need to tackle higher lending costs in order to meet in the middle.