AUSTIN, TEXAS ~ November 2024 housing market statistics have been released by the Austin Board of Realtors® (ABoR).
In November the Austin-Round Rock MSA housing inventory level continued to rise and the median sales price rose slightly.
Let's take a closer look at the year-over-year real estate highlights for the Greater Austin MSA and Williamson County. In the Austin-Round Rock MSA:
Rising Metrics:
Active listings increased by 5.2% to 10,845.
Closed sales increased by 4.6% to 2,130.
The median sales price rose by 2.4% to $435,000.
Average days on the market increased by 7 days to 75 days.
Housing inventory increased by 1.1 months to 4.8 months, below the Texas Real Estate Research Center at Texas A&M University's benchmark of 6 months to maintain a balanced housing market.
Decreasing Metrics:
New listings fell by 2.2% to 2,570.
In Williamson County:
Rising Metrics:
Active listings rose by 5.2% to 3,047.
Closed sales also increased by 5.2% to 752.
The median sales price increased by 1.0% to $423,120.
Average days on the market increased by 1 day to 71 days.
Housing inventory rose by 0.9 months to 3.9 months, which like the greater Austin metro, is below the Texas Real Estate Research Center at Texas A&M University's benchmark of 6 months to maintain a balanced housing market.
Decreasing Metrics:
New listings decreased by 9.4% to 744.
What do these metrics indicate for those looking to make a real estate move in the Austin area?
If you're looking to purchase a home or investment property, now is a good time to take advantage of the highest levels of inventory the Austin metro has seen in more than 13 years. If you'd like to speak with my clients who have recently closed or who are under contract, they are happy to share their experience working with me. If you're looking for financing options, I can also connect you with my trusted lending network which can help you explore options - consultations are free!
If you're selling you're in a solid position to make a timely move despite increased competition. Contact me and I can provide you with a complimentary, current competitive market analysis for your home. This will help you understand what your home is likely to sell for given the changing dynamics of the Central Texas real estate market.
Ready to make your next real estate move? Connect with me and let's discuss your goals and the current market conditions and set a plan to leverage both to your advantage!
Joe Paul Reider
Home Style Austin Founder Austin Realtor®, CLRA Keller Williams Realty, Inc.
Email: JoePaul@KW.com Mobile: 512-222-3302 Web: JoePaulReider.KW.com
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