January data signals optimism in 2024 for Austin area

The first market analysis of the year released by Unlock MLS shows an increase in residential homes. Homes sold, up 4.3% to 1,667 closed sales, and an uptick in pending sales, which rose 3.8% to 2,480 listings. The data demonstrates that more options are available for potential homebuyers and sellers are feeling optimistic moving into 2024.

Clare Losey, Ph.D., “January marks the fifteenth consecutive month of year-over-year median sales price declines in the Austin Round Rock housing market, empowering more homebuyers to enter our market. Mortgage rates peaked in late October before declining in November and December. This provided a boost to buyer’s purchasing power, which is borne out in the increase in residential homes sold in January.”

Kent Redding, 2024 Unlock MLS and ABoR president said,  “Unlock MLS provides REALTORS^® with the most comprehensive and up-to-date listing data in Central Texas. Our commitment lies in fostering a dependable and transparent marketplace, by providing Central Texans access to the industry’s most accurate housing data. We look forward to providing a timelier monthly glimpse and analysis of the Austin-area housing market.”

You’ll find comprehensive information on the current market stats right here. Additionally, for more details, feel free to explore www.abor.com.

To see a comparison to the Market Stats from January 2023, click here.

If you’re curious about markets beyond Austin, take a look at the Corpus Christi market.