Austin-Round Rock Real Estate Market Report – June 2023
- Median Price: The median price reached $483,000, reflecting a steady growth in home prices.
- Closed Sales: There were 3,147 closed sales.
- Active Listings: The number of active listings decreased to 9,631, suggesting a tightening inventory.
- Months Inventory: The months inventory increased to 3.7 months, indicating a shift towards a more balanced market.
- Days on Market: The average number of days on the market increased to 61, showing a slightly slower pace of sales.
- Days to Close: The average number of days to close a sale remained steady at 38, indicating an efficient real estate process.
- Median Price/Sq Ft: The median price per square foot increased to $238.53, indicating buyers’ willingness to pay more for properties.
- Median Home Size and Year Built: The median home size remained at 2,043 square feet, with a median year built of 2013.
- Close/Original List Price: The close/original list price ratio remained at 94.5%.
Overall, the Austin-Round Rock real estate market in June 2023 showed steady growth in median price and a sustained level of closed sales. The decrease in active listings and increase in months inventory suggest a tightening supply of available properties. The increase in median price per square foot indicates continued demand and buyer willingness to invest in the market. The median home size and year built remain relatively stable.
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.
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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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