![]() ![]() Pending sales declined 7.4% to 3,046 transactions, while homes spent an average of 80 days on the market, up 58 days from March 2022. Active listings soared 377.7% to 8,059 listings, pushing the region’s housing inventory up from 0.5 months to 3.0 months of inventory across the five-county area. In March, 4,385 residential properties hit the market, an increase of 6.6% in listings from the year prior. Jackson said that if sellers work with a realtor to price and market their home correctly, it’s going to sell. She also noted that realtors are reporting that they are busy, and the market is moving at a much healthier pace than it has in years. Jackson said that there are three times the number of homes on the market than a year ago, which has brought more choice and opportunity to homebuyers in over a decade. Spring brings a sweet spot for buyers and sellersĪshley Jackson, the 2023 ABoR president, noted that this spring brought a sweet spot for both buyers and sellers. The increase in new listings in March indicates rising seller confidence, and the recent decline in mortgage rates provided momentum for homebuyers. The housing inventory topped 3.0 months in March, while new and active listings increased, indicating favorable market conditions for both buyers and sellers. The Central Texas housing market ended the first quarter of 2023 with momentum for both buyers and sellers, according to the Austin Board of Realtors. Whether you're a first-time homebuyer or a seasoned investor, this information will help you make informed decisions in the Austin real estate market. In this article, we'll dive into the latest prices, trends, and forecast for the Austin housing market in 2023. SVB Collapse & Housing Market: Any Potential Impact?Īre you thinking about buying or selling a home in Austin? If so, it's important to have a clear understanding of the local housing market.Limestone Real Estate: Trends & Update 2023.Louisville Housing Market: Prices, Trends, Forecast 2023.If The Housing Market Crashes What Happens To Interest Rates?.Housing Market News 2023: Today’s Market Update.Housing Market Crash 2023: Will Real Estate Crash Again?.CoreLogic Forecasts 4.6% Growth in HPI from April 2023 to 2024.Housing Market Forecast 2024 & 2025: Predictions for Next 5 Years.California Housing Market: Prices, Trends, Forecast 2023.Bay Area Housing Market: Prices, Trends, Forecast 2023.San Diego Housing Market: Prices, Trends, Forecast 2023.Los Angeles Housing Market: Prices, Trends, Forecast 2023.Pending Home Sales Decline 2.7% in May 2023.Denver Housing Market: Prices, Trends, Forecast 2023.Sacramento Housing Market: Prices, Trends, Forecast 2023.Florida Real Estate Forecast Next 5 Years: Will it Crash?. ![]() 45 Secret Websites & Ways to Make Money Online in 2023.Fort Collins Housing Market: Prices, Trends, Forecast 2023.New Hampshire Housing Market: Price, Trends, Forecast 2023.Utah Housing Market (Salt Lake City) Trends & Forecast 2023. ![]()
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