After an overactive market and buying frenzy last year, home prices in Cedar Park and Leander—which have been on a steady rise since early 2021—dipped toward the tail end of 2022. Source: https://communityimpact.com/austin/cedar-park-leander/housing-real-estate/2023/02/14/lower-prices-more-stock-housing-market-cools-in-leander-cedar-park/
The Austin-area housing market is “decelerating” and beginning to return to how it was before the pandemic, a new mid-year report from the Austin Board of Realtors shows. Source: https://www.kxan.com/news/local/austin/austin-housing-market-returning-to-pre-pandemic-levels-report-shows/
Texas had more houses on the market in July than any time since late 2020 as home sales declined in the state’s major metros. Source: https://www.texastribune.org/2022/09/01/texas-housing-market-cooling/#:~:text=Texas’%20housing%20market%20shows%20signs,cut%20prices%20to%20entice%20buyers
As housing prices rise in Travis County, buyers have turned to outside of Austin for homes, raising prices in Williamson County.
The rapid growth seen in Williamson County in 2021 is trending to continue into 2022.
“More homes were sold in the Austin-Round Rock area in 2021 than ever before, according to a new report from the Austin Board of Realtors”
Austin-Round Rock home sales jumped 23.9% in January, according to the latest Central Texas Housing Market Report by the Austin Board of Realtors.
End of year sales data for the region shows new records in 2020 with upward trends for prices and sales volume, but downward trends for inventories
Housing inventory for the Austin market dropped to an all-time low of 0.4 months in January, according to the Austin Board of Realtors (ABOR). That’s down from 0.6 months in December 2020 and 0.9 months in November 2020.
For the 10th straight year, annual home sales in Central Texas and the median price of those sales surpassed the year-before totals, with 2020’s records coming despite the global coronavirus pandemic.
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