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    Erin Dunnigan
    (512) 919-0653erin@teamprice.com
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      • Team Price Real Estate
        7320 N Mo-Pac
        Austin, TX 78731
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      Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Erin Dunnigan may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.

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      Austin Real Estate Market Update - Nov 02, 2023

      Trends, Insights, and Analysis

      Volume 19; Number 44

      Welcome to our weekly analysis of Austin's real estate market as of November 2nd, 2023. Our focus remains on providing a factual, data-driven exploration of the current real estate landscape in Austin, offering insights into supply and demand metrics, pricing trends, and the broader Central Texas area dynamics.


      Supply and Demand Metrics: Compared to last year's 12,788 active listings, today's Austin-Area MLS shows a minor reduction to 12,701, a 0.7% decrease. The "Months of Inventory" has seen an 11.8% rise from 4.16 to 4.65 months year-over-year, indicating a shift toward a more balanced market between buyers and sellers.


      Price Analysis: Average listing prices have seen a modest dip to $669,729, a 0.63% decrease from the previous year. The average selling price also reflects a downward trend, standing at $554,979, which is 3.88% lower year-over-year. The median listing price shows a 4.10% decrease to $484,900, with the median sold price at $428,990, marking a 6.54% decrease from last year.


      City and Regional Dynamics: In the City of Austin, listings increased by 5.1%, but the median sold price slightly decreased by 0.9% to $575,000. Analyzing the Central Texas region, we see that 53% of cities experienced month-over-month price increases, while year-over-year data shows 80% of cities with price decreases.


      Zip Codes Analysis: Delving into the 75 Central Texas zip codes, month-over-month data shows nearly an even split with 47% experiencing price increases. However, year-over-year figures are more telling, with 71% of zip codes seeing price drops.


      Sales vs. List Prices: A significant 66.18% of properties sold under the list price, suggesting continued trends toward a buyer's market. Sales at list price remained stable at 20.96%, while those above list price saw a slight increase from January's figures to 12.86%.


      Our comprehensive 550+ page report offers a deeper dive into the nuances of the Austin real estate market, including detailed examinations of Market Cycles, Affordability, and Interest Rates, essential for making informed decisions in this dynamic environment. Stay informed with our updates on Austin's housing trends, and for any inquiries, please feel free to contact us.​

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      Austin Area Residential Sales Insights

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