Median Home Sales Prices are Down 4% from Last August - Sales Volume is down 9%
The Median home sales price in greater Austin last month was down 4% from August of 2023, and the total number of homes sold was down by 9%.
The average number of days on market is currently 49 which is lower than it was earlier in the year, and the average sold to list price it 98.1% (meaning that the average home sold for 98.1% of the asking price). However, more than half of homes had to lower their asking price at least once before going under contract and closing, and many were taken off the market completely, so this data point can be a bit deceiving.
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From their recent announcements...
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From their recent announcements...
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