Housing inventory increases across MSA, four months of inventory available in multiple markets

 

In March, new home listings across the Austin-Round Rock-Georgetown MSA jumped to 4,714 new listings, 10.2% more than March 2023. The data indicates that homeowners have confidence in their ability to sell their homes for good value while buyers now have a larger selection of home options, helping to keep price growth flat.

Clare Losey, Ph.D., “The current housing market is more favorable for first-time homebuyers, with an uptick in new listings for the lowest priced homes. More inventory means more options tailored to buyers’ specific needs and interests, allowing them more personalization and choice of location when looking for their new home. It’s great to see the stability of the current market in the first quarter of 2024.”

Kent Redding, “In an era marked by economic resilience and favorable market conditions, aspiring homeowners are finding exciting opportunities to realize their dreams of homeownership. Through the use of Unlock MLS, the largest source of Central Texas housing market data, agents are able to provide the most accurate and timely data to assist clients during the transaction process.”

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

If you would like to see a comparison to the Market Stats from March 2023, click here.

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