07/31/2024
π City of Austin: June 2024 Real Estate Market Update π
π‘ Residential Homes Sold:
868 homes sold, a 21.0% decrease compared to June 2023.
π° Median Price:
$600,000, a 1.6% decrease from June 2023.
ποΈ New Listings:
1,661 new home listings, down 10.0% from June 2023.
π Active Listings:
5,632 active home listings, a significant 43.4% increase from June 2023.
π Pending Sales:
910 pending sales, 12.2% less than June 2023.
π
Months of Inventory:
5.8 months of inventory, up by 1.9 months compared to June 2023.
πΈ Total Dollar Volume:
$665,437,038 in total sales, a 23.6% drop from June 2023.
π Average Close to List Price:
95.2%, slightly down from 95.48% in June 2023.
π Key Insights: The Austin market is showing a shift with fewer homes sold and listed but more active listings and longer inventory months. Understanding these trends can help you navigate your next real estate move. DM if you want to learn more about what you can do to sell or buy a home during these times. Strategy is my middle name.