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Is Austin's Real Estate Market Bouncing Back? Pending Listings Analysis for 2024 Pending listings in the Austin Area MLS saw significant changes throughout 2024 compared to the previous year, 2023. This data offers a unique glimpse into market trends, reflecting shifts in buyer activity, seasonal adjustments, and the ongoing recovery of the real estate market in the region. By analyzing year-over-year statistics, we can assess whether 2023 represented a bottoming-out of the market and if 2024 signals a recovery. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241229015855.png" alt="" width="" height="" style=""></figure></div>​ In January 2024, the Austin Area MLS reported 3,901 pending listings, a modest increase from 3,826 in January 2023. February followed with an even more pronounced improvement, reaching 4,338 pending listings compared to 3,823 in the same month of the previous year, a notable 13.5% increase. These early months suggest a rebound in buyer demand during the typically slower winter season. This growth aligns with a trend of increasing buyer interest likely supported by more favorable mortgage rates and stable pricing in the market. March 2024 continued this upward trajectory, recording 4,823 pending listings compared to 4,704 in March 2023. Although the percentage increase was smaller than in February, the steady rise marked a promising sign of market stabilization. By April, pending listings reached 4,974, a slight decline from the previous month but still comparable to April 2023’s figure of 5,031. This consistency highlights a balance in market activity, setting the stage for a more predictable spring buying season. As the market entered the summer months, which traditionally see the highest activity, the numbers revealed a mixed picture. June 2024 registered 4,377 pending listings, slightly lower than the 4,784 seen in June 2023. Similarly, July showed 4,203 pending listings compared to 4,469 in July 2023. These declines, though modest, reflect the challenges posed by limited inventory and affordability constraints, which continue to weigh on buyer activity. August 2024 saw 3,944 pending listings, down from 4,201 in August 2023. However, a turnaround emerged in September and October 2024, with 3,932 and 3,727 pending listings, respectively, both surpassing the figures from their corresponding months in 2023. This late-year recovery suggests renewed momentum in the market, potentially driven by improving economic conditions and adjustments in pricing strategies by sellers. The total number of pending listings for 2024 reached 49,200, slightly above the 49,020 recorded in 2023. While the increase may seem incremental, it represents a critical inflection point for the Austin real estate market. After a sharp decline in pending listings during the post-pandemic years of 2022 and 2023, the stabilization and growth observed in 2024 could indicate that the market is beginning to recover from its lows. Analyzing long-term trends provides additional context to these year-over-year changes. Over the past decade, the total number of pending listings in the Austin Area MLS grew steadily, rising from 46,775 in 2014 to 49,200 in 2024. This gradual increase underscores the region’s sustained demand for housing, driven by population growth and a strong local economy. However, the 5-year average (2020–2024) highlights the volatility introduced by external factors such as the COVID-19 pandemic, fluctuating interest rates, and economic uncertainties. Seasonal variations remain a defining feature of the Austin real estate market. Historically, pending listings peak during the spring and summer months, tapering off in the fall and winter. In 2024, this pattern largely held true, although the mid-year dips suggest a cooling effect that could be attributed to affordability challenges and limited new inventory entering the market. Despite these hurdles, the market demonstrated resilience, with late-year improvements signaling a potential shift toward a more balanced state. The question remains: was 2023 the bottom of the market? The data suggests that it might have been. With pending listings increasing in several key months of 2024 and the total surpassing the previous year’s figure, the market appears to be on a recovery path. However, the pace of this recovery is tempered by persistent challenges, including affordability issues and inventory shortages. Buyers and sellers alike must navigate these conditions carefully to capitalize on emerging opportunities. Looking ahead, the Austin real estate market’s trajectory will likely depend on broader economic factors, including interest rate trends, employment growth, and housing supply dynamics. If the momentum observed in the latter part of 2024 continues, 2025 could mark a more pronounced recovery, with higher levels of buyer activity and increased confidence among market participants. In conclusion, the analysis of pending listings in the Austin Area MLS for 2024 reveals a market in transition. The year’s data highlights early signs of recovery from the downturns of 2022 and 2023, with steady improvements in key months and a total annual increase in pending listings. As buyers and sellers adjust to evolving market conditions, the Austin real estate market remains poised for growth, underscoring its enduring appeal and resilience.&nbsp;

2024 Austin Area MLS pending listings data and discover key market trends, year-over-year growth, and insights into whether 2023 marked the market's bottom

Austin Real Estate Market 2024: Recovery Insights from Pending Listings Data

Why Austin’s New Listings Are Surpassing Population Growth in 2024 The Austin metropolitan statistical area (MSA) is no stranger to rapid growth. In 2024, the region saw a record-breaking 54,162 new residential listings, setting a historic high for the area. This milestone in the Austin real estate market coincides with ongoing population growth over the past decade. However, a closer look at the data reveals that the rise in new listings has outpaced the population increase, presenting an intriguing dynamic for stakeholders in the region. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241229110909.png" alt="" width="" height="" style=""></figure></div> Between 2014 and 2024, the Austin MSA’s population grew from 1,943,017 to 2,473,275. This represents an absolute increase of 530,258 people, or 27.3% growth over the decade. During the same period, the number of new residential listings increased from 39,843 to 54,162. This marks an absolute increase of 14,319 listings, reflecting a 35.9% growth rate. The faster rise in new listings compared to the population growth rate highlights a noteworthy divergence in market dynamics. Examining year-over-year trends provides additional insight. Population growth in the Austin MSA has been relatively steady, with annual increases averaging between 2.5% and 3.5% over the past decade. The largest yearly population growth occurred in 2020, with an addition of 72,029 residents, representing a 3.23% increase from the previous year. Conversely, new residential listings have shown more variability. The year 2024 saw an 8.6% increase in new listings compared to 2023, one of the largest year-over-year gains in recent memory. This sharp rise may reflect heightened seller confidence, improved market conditions, or strategic timing to capitalize on strong demand. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241229110923.png" alt="" width="" height="" style=""></figure></div>​ Seasonality plays a critical role in understanding these dynamics. Historically, the spring and early summer months witness the highest listing activity. In 2024, May recorded the highest monthly total of 6,165 new listings. The seasonal trend aligns with heightened buyer interest and market activity during these months. On the other hand, December 2024 marked the lowest monthly total, with 2,551 new listings, reflecting the typical end-of-year slowdown. While the increase in new listings exceeds population growth, the margin of difference is notable but not extreme. Over a ten-year span, the listing growth rate outpaced population growth by approximately 8.6 percentage points. This suggests that the rise in new listings is moderately higher than demographic trends alone would predict. Factors contributing to this divergence could include increased investor activity, a growing inventory of resale homes, and shifting economic conditions prompting homeowners to sell. Additionally, market-specific drivers, such as new construction projects and evolving zoning policies, likely play a role. From an analytical perspective, the risks associated with new listings exceeding population growth are twofold. First, if the supply of homes continues to grow disproportionately to demand, it could lead to inventory oversupply, resulting in downward pressure on prices. This scenario could be beneficial for buyers seeking more options and competitive pricing but challenging for sellers aiming to maximize returns. Second, a persistent surplus of listings could impact the market’s absorption rate, increasing the average time properties remain on the market and potentially signaling a shift towards a buyer’s market. However, the current margin between population and listing growth does not yet indicate a severe imbalance. Austin remains a desirable destination for relocation, bolstered by a strong local economy, job opportunities, and an attractive quality of life. The steady influx of new residents suggests that demand for housing is likely to remain robust, helping to absorb increased inventory levels. The record-breaking 54,162 new listings in 2024 underscore a vibrant and active real estate market. For buyers, this growth translates to more options and potentially reduced competition. For sellers, the data highlights the importance of strategic pricing and marketing to stand out in a crowded marketplace. Real estate professionals must remain attentive to these dynamics, leveraging data to advise clients effectively and navigate the evolving landscape. In conclusion, while the rise in new residential listings has outpaced population growth, the difference is moderate and reflects the complexity of Austin’s real estate market. Continued monitoring of both population trends and inventory levels will be essential to ensure balance and sustain long-term market health​

In 2024, Austin MSA reached a record 54,162 new real estate listings, outpacing population growth. Explore the data-driven analysis comparing listing trends to a decade of population increases and the implications for Austin's housing market.

Record High Listings in Austin 2024: Population Growth Compared

Understanding <a href="https://teamprice.com/austin-real-estate-absorption-rates-market-demand">Absorption Rates in Austin’s Real Estate Market</a>: A Comprehensive Analysis by Price Point The Austin real estate market continues to evolve, offering diverse opportunities for both buyers and sellers. By analyzing <a href="https://teamprice.com/austin-real-estate-absorption-rates-market-demand">absorption rates</a>, we can gain valuable insights into market demand, price competitiveness, and buyer-seller dynamics. Absorption rates, which measure the pace at which homes are sold relative to the number of active listings, provide a clear snapshot of market activity. This report offers a breakdown of Austin’s market conditions by price point, revealing important trends. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241223033740.png" alt="" width="" height="" style=""></figure></div>​In the $200,000 to $300,000 price range, the market reflects a mix of activity levels. Properties in this segment primarily fall into the yellow/orange category, indicating moderate demand with a balanced market environment. This balance suggests that buyers have some negotiating power, while sellers can still achieve favorable outcomes with strategic pricing. However, there are instances of light green demand, showing pockets of stronger competition.​As we move into the $400,000 to $600,000 range, the market begins to exhibit stronger signs of activity. Yellow/orange demand remains prominent, but light green demand is increasingly visible. For homes priced at $500,000, strong demand is noticeable, with sellers experiencing shorter time on the market. Meanwhile, higher-end properties in the $700,000 to $900,000 range show varied activity. While yellow/orange demand is consistent, light green and even dark green demand levels highlight extremely competitive conditions in certain areas, especially for well-maintained or uniquely positioned properties.​At the $1,000,000 and above price point, market activity is diverse. While some properties show no activity, represented by grey, others fall under dark green, indicating exceptional demand in select areas. This contrast underscores the importance of location, property condition, and buyer preferences in this price range. Sellers in this segment should consider detailed market analysis to position their homes competitively.​The <a href="https://teamprice.com/austin-real-estate-absorption-rates-market-demand">absorption rate data</a> also highlights the importance of color-coded demand levels in understanding market conditions. Dark green represents extremely high demand, signaling a seller’s market where homes sell rapidly. Light green indicates strong demand, benefiting sellers but still providing room for negotiation. Yellow/orange shows balanced conditions, red reflects opportunities for buyers to negotiate favorable deals, and grey points to stagnant markets with no sales activity. This nuanced view of the Austin real estate market underscores the critical role of data-driven insights in navigating buying and selling decisions. The trends across price points demonstrate that opportunities exist for both buyers and sellers, depending on market conditions and strategic timing. Whether you’re entering the market as a buyer or positioning your property as a seller, understanding absorption rates is key to achieving your goals in Austin’s competitive real estate landscape​

Explore Austin’s real estate market with a detailed analysis of absorption rates by price point. Understand buyer-seller dynamics, market demand, and trends shaping the housing landscape in 2024

Austin Housing Market Breakdown: Insights on Absorption Rates

<a href="https://teamprice.com/building-permits">Austin-Area Building Permit Data</a> Highlights Regional Growth Trends December 23, 2024 : The Austin-area metropolitan statistical area has experienced significant developments in construction activity, as evidenced by the <a href="https://teamprice.com/building-permits">latest building permit data for the Austin Area</a> released for November 2024. This report sheds light on residential and multi-unit housing trends in one of the fastest-growing regions in the country, showcasing a detailed analysis of permits issued and their broader implications. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241223043025.png" alt="" width="" height="" style=""></figure></div>​For all units combined, November permits surged to levels 93.9% above the historical monthly average, emphasizing the strong construction momentum. Year-to-date cumulative permits from January to November 2024 have been 42.6% higher than the long-term average, reflecting sustained growth across the housing market.&nbsp; Focusing on single-family homes, permits issued in November 2024 were 26.1% above the historical monthly average, reinforcing the continued demand for single-unit residential properties. Over the first eleven months of the year, cumulative permits for this category outpaced the average by 32.1%, highlighting robust activity in Austin's suburban and urban residential sectors. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241223043048.png" alt="" width="" height="" style=""></figure></div>​The market for multi-family units comprising 2 to 4-unit structures also saw an increase, with November permits registering 14.8% above average. More notably, cumulative year-to-date permits in this category soared to 76.9% above the historical average. This surge indicates a growing interest in small multi-family developments, likely fueled by a combination of investment opportunities and changing housing preferences among Austin residents. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241223043108.png" alt="" width="" height="" style=""></figure></div>​For larger-scale developments of 5 or more units, the data demonstrates sustained interest, with year-to-date cumulative permits continuing to exceed historical benchmarks. While the month-to-month numbers reflect variations, the year-to-date trends underscore Austin's appeal for developers focused on large multi-family housing projects, which are vital for addressing the region's housing demands. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241223043124.png" alt="" width="" height="" style=""></figure></div> When analyzing the data in terms of permits issued per 100,000 population, a nuanced picture emerges. For all units, November figures were 46.8% above average, underscoring Austin’s leadership in meeting housing demands despite rapid population growth. However, the 1-unit permits per 100,000 population fell slightly below average by 6.9%, suggesting that while single-family housing remains strong, its share relative to population growth may be stabilizing. Conversely, permits for 2 to 4-unit structures and 5+ unit developments show continued upward trends, highlighting diverse housing options being developed to meet the city's growing needs. This detailed analysis of the Austin-area building permits provides valuable insights into the region's evolving housing market. Developers, investors, and residents alike can use this data to understand the ongoing construction trends shaping Austin’s landscape.&nbsp;

Latest Austin-area building permit trends with November 2024 data. Learn how single-family and multi-unit housing developments are shaping the region's growth, with cumulative permits exceeding averages across all categories

Austin Housing Market 2024: Building Permit Trends and Growth Analysis

Understanding Austin Area Real Estate: Sellers, Buyers, and Neutral Markets December 22, 2024 : The Austin area real estate market continues to be a dynamic landscape, offering insights into both opportunities and challenges for buyers, sellers, and investors. Recent data underscores the variety of market conditions across the top 30 cities in the Austin area, categorized by the months of inventory available—a critical measure of market balance. Understanding these distinctions is vital for anyone navigating real estate in this vibrant region. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241222112737.png" alt="" width="" height="" style=""></figure></div> In December 2024, the Austin area showcased a spectrum of market types, from sellers' markets to buyers' markets, defined by months of inventory. A sellers' market, characterized by less than 4.9 months of inventory, signals high demand and limited supply. Austin, for example, reported 4.1 months of inventory, aligning with its reputation as a competitive market. Median prices in Austin stood at $599,000, with an average active listing price of $984,704, underscoring the city's strong position in the regional market. In contrast, buyers’ markets, with more than 7 months of inventory, were observed in cities such as Burnet and Dale. Burnet, with 9.42 months of inventory, had a median price of $529,500, reflecting more negotiating power for buyers. Similarly, Dale exhibited 11 months of inventory, further emphasizing its status as a buyers’ market. These conditions highlight opportunities for buyers looking to secure properties at potentially favorable terms in less competitive markets. Neutral markets, where inventory ranges from 5 to 6.9 months, were represented by cities such as Bastrop and Driftwood. Bastrop, with 5.8 months of inventory, had a median price of $424,900. Driftwood, known for its luxury appeal, showcased a median price of $1,257,500 and exactly 6 months of inventory, indicating a balanced environment between buyers and sellers. Georgetown and Cedar Park are other notable examples of sellers’ markets. Georgetown reported 3.28 months of inventory, a median price of $509,545, and a significant volume of active listings, illustrating its steady demand. Cedar Park, with just 2.09 months of inventory, reflected one of the strongest sellers' market conditions in the area, with median prices at $499,999.&nbsp;Cities like Hutto and Pflugerville also demonstrated robust sellers’ markets, with 3.25 and 2.86 months of inventory, respectively. Hutto’s median price reached $399,990, while Pflugerville’s stood at $435,000. These cities remain attractive for those seeking homes at relatively moderate price points compared to Austin. On the other hand, cities such as Smithville and Spicewood leaned toward buyers’ markets. Smithville’s inventory was at 7.36 months, with a median price of $341,900. Spicewood, with 10.08 months of inventory and a median price of $862,500, provided opportunities for buyers interested in higher-end properties with more time to negotiate.&nbsp;The data also revealed shifts in pricing dynamics across the region. Cities like Manor and Kyle showed competitive conditions with inventory levels at 3.7 and 3.33 months, respectively, while median prices were $390,103 and $363,945. Price trends across these cities reflect the nuanced nature of the Austin area market, where local factors heavily influence demand and supply. Overall, the Austin area real estate market demonstrates a diverse range of opportunities, with each city offering unique conditions. Whether navigating a competitive sellers’ market or exploring the advantages of a buyers’ market, understanding these dynamics is essential for success in real estate.&nbsp;If you are a real estate agent or thinking of becoming one, please reach out. We are expanding our team and hiring new and experienced agents. No license is required to schedule a meeting with me, Dan Price, Broker. You are welcome to call me directly to discuss opportunities at 512-963-3768.&nbsp;

Latest trends in the Austin area real estate market with data-driven insights from December 2024. Learn about market conditions, median prices, and opportunities for buyers, sellers, and agents across 30 cities

Austin Area Real Estate Market Update: December 2024 Insights

Is the Austin Market Recovering? Insights into Price Changes and Market Dynamics The Austin real estate market has undergone significant changes in recent years, highlighted by a notable decrease in the median list price for homes. This trend is evident when examining data from May 2022 to December 2024, showcasing a dramatic shift in the market dynamics. In May 2022, the <a href="https://teamprice.com/residential-price">median list price for homes in the Austin</a> area reached a peak of $539,900. This marked a high point in the market, reflecting robust buyer demand and limited inventory that characterized much of 2021 and early 2022. However, by December 2024, the median list price had declined to $425,000, representing a substantial drop of $114,900, or 21.3%, over the 31-month period. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241223122457.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" width="" height="" data-size="," data-align="none" data-percentage="auto,auto" data-index="0" data-file-name="image.png" data-file-size="297154" data-origin="," style=""></figure></div> To better understand this trend, it is important to contextualize it within broader market conditions. The Austin real estate market experienced unprecedented growth during the years of 2020 and 2021, driven by factors such as remote work flexibility, a surge in population migration to Texas, and historically low mortgage rates. These factors contributed to a sharp <a href="https://teamprice.com/residential-price" class="on">increase in home prices</a>, culminating in the 2022 peak. The subsequent decline in median list prices can be attributed to a combination of factors. Rising interest rates beginning in late 2022 played a pivotal role in cooling the market, as higher borrowing costs reduced affordability for many buyers. Additionally, increased inventory levels throughout 2023 and 2024 helped to alleviate the supply-demand imbalance that had previously driven prices upward. This trend is further illustrated by seasonal fluctuations in pricing over the years. For instance, during the first quarter of 2024, the median list price hovered around $459,900 in February and $479,900 in March, before settling at $425,000 by December. These monthly variations highlight the typical ebbs and flows of the market, influenced by factors such as buyer activity and economic conditions. Despite the overall decline, the Austin real estate market remains dynamic. While the drop in prices may be concerning to sellers, it presents potential opportunities for buyers. A 21.3% reduction in the median list price has improved affordability, making homeownership more attainable for those who were previously priced out of the market. The question of whether the Austin market is crashing or recovering depends on perspective. The data suggests that the market has shifted toward stabilization after a period of extraordinary growth. Indicators such as declining prices, improved inventory levels, and fewer multiple-offer scenarios point to a market that is neither collapsing nor overheated, but rather adjusting to more balanced conditions. For those considering entering the Austin real estate market, whether as a buyer or seller, understanding these trends is crucial. Buyers can leverage the current conditions to negotiate better deals, while sellers may need to adjust expectations and pricing strategies to align with the evolving market landscape. In conclusion, the Austin area has seen a significant recalibration in median list prices from their peak in May 2022 to December 2024. This shift reflects broader economic changes and local market adjustments. As the market continues to evolve, staying informed about these trends will be essential for making sound real estate decisions.&nbsp;

Explore how Austin's real estate market has evolved with a 21% drop in median list prices from 2022 to 2024. Understand key factors influencing the market, from interest rates to inventory levels, and what it means for buyers and sellers

Is the Austin Housing Market Crashing or Stabilizing? Key Price Trends Explained

Analyzing the <a href="https://teamprice.com/price-to-rent-ratio">Price-to-Rent Ratios in Austin</a>: What the Data Reveals About Buying vs. Renting The Austin real estate market offers a wide variety of opportunities for both buyers and renters. Understanding the price-to-rent ratio for different areas is crucial for making informed housing decisions. The <a href="https://teamprice.com/price-to-rent-ratio">price-to-rent ratio</a> is a calculation used to determine whether it's better to buy or rent in a specific area. This ratio is obtained by dividing the median home sale price by the annual rent. A lower ratio (below 15) indicates it’s better to buy than rent, while a higher ratio (above 20) suggests renting is more cost-effective. Ratios between 15 and 20 indicate a balanced market where the decision to buy or rent depends on individual preferences and financial goals. Let's explore how Austin's neighborhoods compare based on this data. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241220114207.png" alt="" width="" height="" style=""></figure></div> In downtown Austin’s 78701 zip code, the median rent is $3,150 per month, and the median sale price is $697,000, giving a price-to-rent ratio of 18.4. This places it in a balanced market, suggesting that either buying or renting could be viable depending on your long-term plans. Moving east to 78702, the median rent is $2,635, and the median sale price is $722,500, resulting in a price-to-rent ratio of 22.8. Here, renting is more cost-effective than buying. The trend continues in 78703, where the median rent is $3,200 and the median home price is significantly higher at $1,649,500, leading to a ratio of 43. This data clearly shows that renting in this area is more financially advantageous. In contrast, some areas present better opportunities for buying. For instance, the 78725 zip code has a median rent of $1,950 and a median sale price of $315,500, resulting in a low price-to-rent ratio of 13.5. Similarly, 78724 shows a ratio of 14.7 with a median rent of $1,995 and a median sale price of $352,470. These areas suggest it’s more cost-effective to buy than rent. The same trend is seen in 78610 (Buda) with a ratio of 14.8 and 76537 (Jarrell) with a ratio of 14.5. Several neighborhoods fall within the balanced market category. In 78717 (Austin), the median rent is $2,500, and the median sale price is $487,500, leading to a ratio of 16.3. Nearby, 78747 shows a similar trend with a ratio of 16.2, based on a median rent of $2,350 and a sale price of $457,490. In Pflugerville’s 78660, the ratio is 16.7, where the median rent is $2,150 and the median sale price is $430,510. These figures suggest that whether to buy or rent in these areas depends largely on personal and financial goals. Higher-end areas such as 78746 and 78733 have much higher <a href="https://teamprice.com/price-to-rent-ratio">price-to-rent ratios</a>. In 78746, the median rent is $4,900, while the median sale price is $2,220,000, resulting in a ratio of 37.8. Similarly, 78733 has a median rent of $3,600 and a median sale price of $1,667,500, with a ratio of 38.6. These high ratios indicate that renting is the more cost-effective option in these upscale neighborhoods. The price-to-rent ratios also vary widely in the surrounding suburbs. In Cedar Park’s 78613, the median rent is $2,200, and the median sale price is $499,945, resulting in a ratio of 18.9. This falls into the balanced market range. On the other hand, areas like 78634 (Hutto) offer more favorable conditions for buying, with a ratio of 15.9, where the median rent is $2,090 and the median sale price is $398,941. Georgetown’s 78626 offers a ratio of 17.1, with a median rent of $2,050 and a sale price of $420,000, also placing it in the balanced category. In summary, Austin’s price-to-rent ratios vary significantly by neighborhood. Areas like 78725 and 76537 are more favorable for buying, while high-priced areas like 78703 and 78746 lean heavily toward renting. The balanced market areas, such as 78717 and 78660, offer flexibility depending on individual needs. Understanding these ratios helps both buyers and renters make well-informed decisions in Austin's dynamic housing market​

Latest price-to-rent ratios in Austin areas to determine whether it’s better to buy or rent. This detailed analysis provides insights into Austin’s dynamic real estate market using data-driven comparisons

Austin Price-to-Rent Ratio: Where It’s Better to Buy or Rent in 2024

Leasing Market Trends: A Detailed Analysis of Seasonal Shifts and Price Changes The leasing market over the past two years has shown significant changes in activity levels and rental prices, highlighting clear seasonal trends and shifts influenced by broader economic factors. By examining the <a href="https://teamprice.com/market-cycle-lease">Austin Lease Market Cycle</a> data from December 2022 to December 2024, patterns emerge that help understand how leasing demand and prices fluctuate throughout the year. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241220114616.png" alt="" width="" height="" style=""></figure></div> In December 2022, the number of leased properties stood at 1,692, with an average leased price of $2,413 and a median leased price of $2,200. Leasing activity saw a steady rise into January 2023, with 1,885 properties leased, representing an 11.4% increase from the previous month. During this period, average leased prices increased to $2,472, showing a $59 rise. The median leased price remained stable at $2,200. This upward trend continued in February 2023, despite a slight dip in leasing activity to 1,845 properties, a 2.1% month-over-month decrease. March 2023 saw a substantial jump in leasing activity, reaching 2,156 properties leased, a 16.9% increase compared to February. Prices remained relatively flat, with the average leased price at $2,460 and the median price holding at $2,250. The market maintained strong demand into April 2023, with 2,275 properties leased and average prices increasing to $2,510. This growth persisted into May and June 2023, where leasing numbers peaked at 3,165 in June, marking a 16.9% month-over-month increase. Average leased prices during June reached $2,547, the highest in the first half of 2023. The summer months continued to see strong leasing demand, with July 2023 recording 3,201 leased properties. However, prices began to decline slightly, with the average leased price falling to $2,520. August 2023 marked the beginning of a downward trend in leasing activity, with a 9.3% drop, bringing the total to 2,904 properties. Average prices also fell to $2,476. This decline continued into September 2023, with leasing activity dropping to 2,419 properties, a significant 16.7% decrease from August. Prices dipped to $2,442, while the median price fell to $2,200. The market saw further reductions in October and November 2023, with leased properties totaling 2,210 and 2,025, respectively. By December 2023, leasing activity reached a low point of 1,896 properties, reflecting a 6.4% decrease from the previous month. The average leased price stood at $2,379, a slight recovery of $15 from November, while the median leased price dropped to $2,150. In January 2024, the market stabilized with 1,900 properties leased, showing a minimal 0.2% increase from December. Average prices held steady at $2,379, while the median price rose slightly to $2,195. February 2024 saw leasing activity jump to 2,173 properties, a 14.4% increase, reflecting the seasonal trend of higher demand early in the year. Prices also rose to an average of $2,427, although the median price declined to $2,195. Leasing demand remained strong in March and April 2024, with 2,315 and 2,490 properties leased, respectively. The average leased price in April increased to $2,478, consistent with seasonal growth patterns. May 2024 continued this trend, with 2,750 properties leased and average prices climbing to $2,520. June 2024 mirrored the previous year’s peak, with 3,053 properties leased and an average price of $2,509. However, the market began to show signs of slowing down in the second half of 2024. By July 2024, leasing activity increased only slightly to 3,244 properties, while the average leased price fell to $2,469. August 2024 saw a drop in leasing to 3,076 properties, a 5.2% decline, and average prices dipped to $2,364. This trend continued through September 2024, with leasing activity falling sharply to 2,437 properties, a 20.8% decrease. Prices also dropped to $2,296. The final months of 2024 reflected a continued slowdown in leasing demand. October 2024 recorded 2,327 leased properties, a modest improvement from September, but average prices remained low at $2,311. By November, leasing numbers fell to 2,103, with prices averaging $2,304. December 2024 closed the year with 1,990 properties leased and an average leased price of $2,335. These data points illustrate the clear seasonal patterns in leasing demand, with peaks occurring in the summer months and dips during the winter. Average and median leased prices followed these trends closely, reflecting the balance between supply and demand. While prices remained relatively stable, the slight declines towards the end of 2024 suggest a market adjusting to broader economic conditions or increased rental supply. Understanding these trends helps both renters and property owners make informed decisions based on the time of year and current market conditions​

Detailed leasing market trends from 2022 to 2024. Understand how seasonal changes impact rental prices and demand, with insights backed by data to help renters and property owners make informed decisions

Austin Leasing Market Trends: Detailed 2022-2024 Analysis of Prices and Demand

Analyzing the Austin Area Real Estate Market: Inventory Trends and Market Conditions Across 30 Cities The Austin area real estate market offers a wide range of opportunities for buyers, sellers, and investors. Looking at the current data <a href="https://teamprice.com/type-of-market-city">Austin Area Type of Market</a> for 30 cities reveals a clear picture of market conditions, broken down by months of inventory, median home prices, and active listings. Understanding these details is key to making smart decisions in a market that’s always changing. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241220115520.png" alt="" width="" height="" style=""></figure></div> A city’s inventory level is a reliable indicator of market conditions. Less than 4.9 months of inventory means a seller's market. Between 5 and 6.9 months is a neutral market, where supply and demand are balanced. Anything over 7 months signals a buyer’s market. According to the latest data, 16 of the 30 cities in the Austin area are in a seller’s market, making up 53% of the total. Seven cities fall into the neutral market category, representing 23%, and another seven cities are buyer’s markets, also at 23%. Austin, the largest city in the region, currently has 3,188 active listings. The average home price is $984,208, with a median price of $599,000. With 4.24 months of inventory, Austin is in a seller’s market. Homes here typically stay on the market for a median of 84 days. Nearby Georgetown shows a similar trend. It has 860 active listings, an average price of $571,176, and a median price of $510,000. Georgetown’s inventory level is 3.24 months, which also puts it in the seller’s market category. Homes in Georgetown spend a median of 80 days on the market. Other cities like Buda and Hutto also reflect strong seller’s market conditions. Buda has 243 active listings, a median home price of $384,000, and 3.52 months of inventory. Hutto has 205 active listings, a median price of $398,941, and just 3.2 months of inventory. These numbers show healthy demand and limited supply, making it a competitive market for buyers. On the flip side, some cities favor buyers because of higher inventory levels. Burnet, for example, has 115 active listings and 10.45 months of inventory. The average home price in Burnet is $772,121, with a median of $529,500. Dale is another buyer’s market with 11 months of inventory, 45 active listings, and a median price of $385,000. In these cities, buyers have more choices and better leverage when negotiating. Neutral markets offer a balance between buyers and sellers. Lakeway, for instance, has 101 active listings, a median price of $799,972, and 5.41 months of inventory. San Marcos shows similar conditions with 372 active listings, a median price of $399,018, and 5 months of inventory. These cities provide opportunities for both buyers and sellers to strike fair deals. Cities like Cedar Park and Pflugerville highlight interesting price trends. Cedar Park has 129 active listings, an average price of $600,356, and a median price of $509,900. With just 2.14 months of inventory, Cedar Park is a strong seller’s market. Pflugerville’s market is also competitive, with 305 active listings, a median price of $431,019, and 2.91 months of inventory. The days on market data gives even more insight. In Jarrell, homes typically stay on the market for 58 days, with inventory at 3.17 months. In Kyle, homes stay on the market for 79 days, with 3.29 months of inventory. In contrast, homes in Driftwood stay on the market longer, with a median of 106 days and 6 months of inventory. Spicewood also sees longer wait times, with homes staying on the market for 121 days and inventory levels at 10.27 months. Price adjustments are happening in several cities. Marble Falls, for example, has seen average prices drop by 11.2%. Manchaca’s prices fell by 6.3%. On the other hand, Spicewood saw price increases of up to 15.7%. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241220115541.png" alt="" width="" height="" style=""></figure></div> The Austin area real estate market is diverse, with different conditions offering opportunities for various types of buyers and sellers. Knowing the inventory levels, median prices, and market conditions can help you navigate this dynamic landscape. Staying informed about these trends is essential for making smart real estate decisions in the Austin area.&nbsp; <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241220115601.png" alt="" width="" height="" style=""></figure></div>

Austin area real estate trends with detailed insights into inventory levels, median prices, and market conditions across 30 cities. Discover where buyers and sellers have the advantage in this comprehensive market analysis

Austin Area Real Estate Market Analysis: Top 30 Cities by Inventory and Prices

Analyzing Year-Over-Year Changes in Active Real Estate Listings for 2024 In 2024, the real estate market in the Austin area has shown significant fluctuations in the <a href="https://teamprice.com/active-residential-listings">number of active listings</a> compared to the previous year. This data-driven analysis provides a detailed look at the percentage changes in <a href="https://teamprice.com/active-residential-listings">active listings year over year</a> (YoY) for each day from March through December. These insights can help buyers, sellers, and agents understand market activity trends and make informed decisions. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241220111626.png" alt="" width="" height="" style=""></figure></div> In early March 2024, active listings were up by approximately 13% compared to the same period in 2023. For instance, on March 4th, the year-over-year percentage increase stood at 13.07%. The trend gradually rose to 14.41% by March 6th, and by March 15th, it reached 16.31%. The end of March saw even higher increases, peaking at 18.76% on March 28th. This indicates a steady rise in available homes for sale during the first quarter. April continued the upward trend with notable growth. On April 5th, active listings increased by 21.01% YoY. By mid-April, the market saw jumps of over 25%, reaching 27.97% on April 19th. Toward the end of the month, on April 26th, active listings saw a substantial 31.44% increase compared to 2023. These figures suggest that more sellers were putting their homes on the market as the spring season progressed, a common pattern in real estate markets. May 2024 recorded some of the highest year-over-year changes. On May 3rd, active listings were up by 32.55%, and by May 10th, they surged to 33.90%. These numbers reflect increased seller confidence and possibly slower buyer demand, leading to higher inventory levels. By the end of May, the percentage change remained strong, with a 31.90% increase on May 31st. June showed a slight decline compared to May, but active listings remained well above 2023 levels. The highest YoY change in June was 30.69% on June 14th. By June 28th, the percentage change was 30.54%. These consistent increases suggest that the market was holding steady with more properties available compared to the previous year. July maintained a similar pattern, with year-over-year changes hovering between 28% and 32%. On July 4th, active listings increased by 32.37%. However, by the end of the month, the percentage change dipped slightly to 28.93% on July 29th. This indicates a possible seasonal slowdown in listings toward the end of summer. In August, the YoY increase in active listings began to decline. On August 2nd, the market saw a 27.10% increase, and by August 19th, it fell to 25.18%. The downward trend continued into September, with percentage changes dropping below 20% by the end of the month. For example, on September 30th, active listings were up only by 20.29% compared to the previous year. These declines may reflect seasonal trends or a shift in market dynamics, with fewer new listings coming on the market. October saw continued declines, with active listings showing a 17.06% YoY increase on October 7th. By October 31st, the increase was down to 15.84%. The trend of declining YoY percentage changes persisted through November and December. On December 2nd, active listings showed an 11.78% increase compared to 2023, reflecting a significant slowdown in new listings as the year closed. This detailed data on year-over-year changes in active listings highlights how the real estate market in 2024 has been more favorable for buyers, with higher inventory levels throughout much of the year. Understanding these trends helps buyers, sellers, and agents navigate the market and make informed decisions based on current conditions.&nbsp;

Discover how Austin's real estate market performed in 2024 with a detailed analysis of year-over-year percentage changes in active listings. Track daily trends from March to December and gain valuable insights for buyers, sellers, and agents

Austin Real Estate Trends 2024: Year-Over-Year Active Listings Analysis

The Austin Real Estate Market: A Detailed Look at the Sold Price to List Price Ratio (2000–2024) The Austin real estate market has undergone significant changes over the years, with the <a href="https://teamprice.com/sold-price-to-list-price-ratio">sold price to list price ratio</a> serving as a critical metric to evaluate market conditions. This ratio reflects how closely the final selling price of a property aligns with its listed price. Analyzing this data from 2000 through 2024 reveals fascinating trends, offering insights into how the market has evolved. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241220113951.png" alt="" width="" height="" style=""></figure></div>​In the early 2000s, the <a href="https://teamprice.com/sold-price-to-list-price-ratio">sold price to list price ratio in Austin</a> hovered in the upper 90% range. In 2000, the annual average was 99.2%, with monthly variations ranging from 98.5% to 99.6%. This stability suggested a market leaning towards balanced conditions. Moving into 2001, a slight decline was observed, with an average of 98.6% and a minimum monthly value of 97.4%. The years 2002 and 2003 showed further dips, with averages of 97.7% and 97.2%, respectively, marking a subtle cooling in the market.​From 2004 to 2006, the market began to stabilize, with ratios climbing back to averages of 97.3% to 98.1%. The upward trend indicated a modest recovery, likely fueled by growing demand and favorable economic conditions. However, the financial crisis of 2008 caused notable shifts. That year, the sold price to list price ratio dropped to a low of 95.5%, with an annual average of just 96.7%. The subsequent years, 2009 and 2010, saw minimal improvements, with averages of 96.7% and 96.5%, respectively, underscoring the market’s slow recovery.​A significant turning point emerged in the mid-2010s as Austin’s real estate market began gaining momentum. By 2013, the average ratio climbed to 98.2%, with highs reaching 98.8% during peak months. This growth continued through 2015, when the annual average hit 98.4%, supported by strong local demand and economic growth in the region.&nbsp;The most dramatic changes occurred between 2020 and 2022. In 2020, the sold price to list price ratio surpassed 100% for the first time, with a maximum monthly ratio of 100.4%. This trend accelerated in 2021, when the ratio soared to an unprecedented high of 109.5% in April, reflecting intense competition among buyers. This surge was driven by historically low mortgage rates, limited inventory, and a surge in buyer demand.​By 2022, the market began to cool as interest rates increased and affordability became a concern for many buyers. The annual average ratio dropped to 100.9%, with monthly lows reaching 96.1% by December. This cooling trend has persisted into 2023 and 2024. In 2023, the average ratio settled at 97.3%, with monthly variations ranging from 96.3% to 97.8%. The data for 2024, up to October, indicates continued stability, with an average of 97.3% and a peak of 98.0% in the spring months. Overall, the sold price to list price ratio provides a detailed lens through which the Austin market’s dynamics can be understood. Periods of economic stability, growth, and contraction are all reflected in this data. For buyers and sellers navigating the current market, understanding these trends can help set realistic expectations and guide strategic decisions. While recent years have shown a return to more balanced conditions, the data underscores the importance of staying informed in a market as dynamic as Austin’s.&nbsp;

Explore the 24-year trends in Austin’s sold price to list price ratio, revealing key insights into the local real estate market. Discover how market dynamics have evolved from 2000 to 2024, including shifts during economic highs and lows

Are Austin Sellers Getting Their Asking Price? A 24-Year Analysis

The Rising Cost of Homeownership in Austin: Analyzing Housing Affordability Trends (2000-2024) December 19, 2024 : <a href="https://teamprice.com/affordability">Austin housing affordability</a> has changed dramatically over the past two decades, with mortgage payments rising significantly in recent years. This trend has made homeownership more expensive for many buyers in the Austin area, especially when compared to historical norms. The data from 2000 to 2024 reveals key patterns in monthly mortgage payments, interest rates, and affordability ratios, offering insights into why Austin homeownership is becoming increasingly challenging. In 2000, the average monthly mortgage payment in the Austin area, including principal, interest, taxes, and insurance (PITI), was around $1,195. From 2000 to 2006, PITI steadily increased, reaching an average of $1,285 by 2006. This period saw relatively stable interest rates, with the median rate hovering between 2.76% and 3.38%. However, the housing market crash of 2008 temporarily reduced these payments. In 2009, the average monthly PITI dropped to $1,246, reflecting lower home prices and interest rates in Austin.&nbsp; <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241219032647.png" alt="" width="" height="" style=""></figure></div> The years following the crash saw mortgage payments fluctuate. From 2010 to 2015, monthly PITI in Austin ranged from $1,236 to $1,627, showing moderate growth. Interest rates during this period remained low, between 3.37% and 4.03%. By 2016, PITI reached $1,706, reflecting an upward trend in Austin home prices. This pattern continued, and by 2019, the average PITI in the Austin area was $1,954. Despite slight declines in 2020 due to lower interest rates, mortgage payments began to rise sharply in 2021. In 2021, monthly PITI surged to an average of $2,686, with some months exceeding $2,700. This increase coincided with rising Austin home prices and interest rates nearing 5%. In 2022, affordability hit a new low, with monthly mortgage payments peaking at $3,742 in June. The average PITI for the year was $3,476, driven by soaring Austin-area home prices and mortgage rates that exceeded 5.5%. Affordability ratios also reflected this shift. In 2022, PITI accounted for 47.19% of median household income, a sharp increase from the 26-30% observed in the early 2000s. The trend continued into 2023 and 2024, with monthly PITI in Austin remaining high. In 2023, the average mortgage payment was $3,443, and in 2024, it hovered around $3,381. Interest rates stayed elevated, with the median rate around 4.54% in December 2024. Although these figures represent a slight improvement from the 2022 peak, they still indicate significant affordability challenges compared to historical levels in Austin. Over the past 24 years, the median sold price-to-income ratio in Austin has also increased. In 2000, the ratio was 2.76, meaning a home’s median price was 2.76 times the median household income. By April 2022, this ratio peaked at 5.75, highlighting the growing gap between Austin home prices and incomes. As of December 2024, the ratio stands at 4.54, above the historical average of 3.74. This indicates that despite recent improvements, Austin home prices remain disproportionately high compared to household incomes. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241219032728.png" alt="" width="" height="" style=""></figure></div> Year-over-year changes in PITI show how volatile the Austin housing market has become. Between 2021 and 2022, monthly mortgage payments increased by over $800. In contrast, the period from 2009 to 2010 saw minimal changes, reflecting the stability after the housing crash. These fluctuations are largely driven by changes in interest rates and Austin home prices. For example, in 2021, interest rates climbed from 4.33% in January to 5.40% by June, contributing to the sharp rise in PITI. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241219032811.png" alt="" width="" height="" style=""></figure></div> <a href="https://teamprice.com/affordability">Affordability in Austin</a> has been especially strained since 2021. Before this period, the PITI-to-income ratio rarely exceeded 30%. In recent years, it has consistently remained above 40%, indicating that buyers are dedicating a larger portion of their income to housing costs. This trend is unsustainable for many households and reflects the need for either higher incomes, lower home prices, or reduced interest rates to improve affordability in Austin. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241219032840.png" alt="" width="" height="" style=""></figure></div> In summary, <a href="https://teamprice.com/affordability">housing affordability in Austin</a> has worsened significantly since 2000. Monthly mortgage payments have more than doubled, and affordability ratios have reached record highs. While homeownership in the Austin area was once manageable for most households, the current market poses challenges that many buyers struggle to overcome. Understanding these trends helps both buyers and industry professionals navigate the evolving Austin housing market and make informed decisions. This article was written on December 19 2024 and reflects data up to that date. The following charts will provide up to date information. If you have any questions, please let us know.&nbsp;

Austin-area housing affordability has changed from 2000 to 2024. Learn about rising mortgage payments, interest rates, and affordability ratios, and understand why homeownership costs have doubled over the past 24 years in the Austin real estate market

Austin Real Estate Affordability: How Homeownership Costs Have Doubled Since 2000

Austin Rental Market Shows Softening Prices and Leasing Activity in 2024 The Austin rental market is experiencing notable shifts as leasing activity and <a href="https://teamprice.com/market-cycle-lease">rent prices decline year-over-year</a>, reflecting changing dynamics in supply, demand, and affordability. Data for the year 2024 highlights key trends that renters, landlords, and market analysts need to consider as they assess the current state of the market.​In December 2024, the total number of leased residential properties dropped to 1,914, marking an 8.2% decrease compared to November when 2,084 properties were leased. This continued decline caps off a year-long trend of softening rental demand, particularly noticeable in the final months. By contrast, leasing activity peaked earlier in the year, reaching 3,244 properties in July 2024, before steadily declining through the fall. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241217120435.png" alt="" width="" height="" style=""></figure></div>​Average rental prices also reflect this downward trend. In December 2024, the average leased price stood at $2,330, a 1.1% increase from November's $2,305 but still a 2.1% decrease year-over-year compared to December 2023's average of $2,379. The median leased price in December fell slightly to $2,100, holding steady month-over-month but representing a 2.3% decline year-over-year. Throughout 2024, median prices fluctuated but ultimately trended downward, with the year starting at $2,195 in January before seeing modest peaks and steady drops into the winter months.​The most significant declines occurred in the late summer and early fall. For instance, in September 2024, the average leased price dropped to $2,296, a 2.9% month-over-month decrease and a 6.0% year-over-year drop from September 2023’s $2,442. Leasing volume in September also saw a sharp drop to 2,437 properties, a 20.8% decline compared to August’s 3,076 properties. These numbers reflect a critical shift in tenant demand, possibly due to rising rental inventory and ongoing affordability challenges.​Historically, the Austin rental market sees peak activity during the summer months, with rents stabilizing or softening as fall and winter approach. This pattern held true in 2024, with average rent prices peaking at $2,520 in May and June 2024, before steadily declining to the December low of $2,330. Leasing volume followed a similar trajectory, with summer months like June seeing 3,053 leases, an 11.0% increase month-over-month, while the final quarter saw consistent declines. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241217120422.png" alt="" width="" height="" style=""></figure></div>​The leased-to-list price ratio remained strong throughout the year, hovering around 99.7% to 99.9%, indicating that landlords have largely maintained their list prices. For instance, in December 2024, the ratio stood at 99.55%, reflecting landlords' reluctance to significantly discount rents despite reduced leasing activity. However, the steady decline in median and average rents suggests that landlords are making smaller adjustments to meet renter affordability concerns.​Several factors have contributed to the cooling rental market. The increased availability of rental units has led to greater competition among landlords, putting downward pressure on prices. Additionally, economic uncertainties and improved affordability in the home purchase market have influenced some renters to explore alternatives, further reducing demand. Rising living costs may have also driven renters to negotiate lower lease prices or delay moving into new properties altogether.​As the year comes to a close, the Austin rental market remains in a state of adjustment. Average and median lease prices have fallen compared to the previous year, and leasing activity has slowed significantly, particularly in the second half of 2024. Renters may find this environment increasingly favorable, with opportunities for negotiation and greater flexibility. Landlords, on the other hand, face the challenge of staying competitive while adapting to evolving market conditions. Looking ahead to 2025, the Austin rental market will likely continue to balance supply and demand. For landlords and investors, monitoring pricing trends and adjusting expectations will be essential to remain competitive. For renters, the ongoing market correction could provide continued opportunities for affordability and flexibility​

Austin Rent Prices : latest trends in Austin’s rental market for 2024. Rent prices fell 2.1% year-over-year, and leasing activity dropped significantly in December. Read our detailed analysis to understand what’s driving these changes in Austin rent prices

Austin Rent Prices Drop 2.1% in December 2024: Latest Leasing Trends and Analysis

<a href="https://teamprice.com/appreciation-year-over-year-city">Austin Area Housing Market: Year-Over-Year Appreciation Analysis</a> December 17 2024 : The Austin area real estate market has experienced significant growth over the past two decades, with some cities standing out for their long-term appreciation rates and others facing recent price corrections. Data from 2000 to 2024 reveals clear trends in average and median sold prices across cities such as Austin, Leander, Wimberley, Burnet, and many others. This detailed analysis highlights which markets have delivered the strongest growth and identifies emerging opportunities as well as cities where prices have cooled in the past year. In Austin, the average sold price grew from $218,205 in 2000 to $751,478 in 2024, representing a total increase of 244 percent over 24 years. The median sold price followed a similar upward trend, rising from $159,900 to $572,955. This steady appreciation translates to a compound annual growth rate of approximately 5.3 percent for average sold prices and 5.5 percent for median sold prices. Austin remains a stable market with modest year-over-year growth of 0.7 percent for average prices and 0.2 percent for median prices in the most recent year. Leander emerged as one of the top performers in the Austin area housing market. The average sold price skyrocketed from $129,266 in 2000 to $571,688 in 2024, an impressive 342 percent increase over the period. Leander’s median sold price saw even stronger growth, rising from $109,633 to $485,600. Both appreciation rates reflect a compound annual growth of 6.4 percent, placing Leander near the top of Austin area cities for long-term price increases. Over the past year, Leander’s average prices grew by 3.1 percent, signaling consistent demand and robust market activity. Wimberley also stood out for its remarkable appreciation. Between 2000 and 2024, the average sold price increased by 348 percent, climbing from $156,972 to $702,450. Median prices followed closely, rising from $140,000 to $521,400. These numbers represent a compound annual growth rate of 6.4 percent for average prices and 5.6 percent for median prices. Recent performance has been equally strong, with average sold prices rising by 12.7 percent year-over-year. Wimberley’s combination of long-term appreciation and strong recent growth reflects its appeal among buyers looking for value and growth potential. Burnet has also delivered exceptional long-term results for homeowners and investors. The average sold price grew from $135,819 in 2000 to $549,005 in 2024, marking a 304 percent increase over the period. Median prices similarly increased from $107,500 to $408,383, representing a compound annual growth rate of 5.7 percent. Most notably, Burnet’s median sold prices grew by 23.8 percent over the past year, positioning it as one of the fastest-growing markets in the Austin area. While many cities have shown consistent appreciation, others have experienced short-term corrections. For example, Buda saw its average sold price drop by 9.6 percent from 2023 to 2024, moving from $448,600 to $405,406. Similarly, its median sold price fell by 9.8 percent year-over-year. Cedar Creek also recorded a decline, with average prices decreasing by 6.5 percent and median prices by 10.5 percent. Lakeway, a historically strong market, saw average sold prices drop by 5.6 percent and median prices decline by 8.4 percent over the same period. These corrections reflect changing market conditions, likely influenced by affordability challenges and shifts in demand. Manchaca delivered the strongest year-over-year performance among Austin area cities. Average sold prices jumped by 24.6 percent, while median sold prices increased by 4.9 percent. Smithville followed closely with a 15.1 percent year-over-year increase in average sold prices and an 11.1 percent increase in median prices. Both markets are experiencing renewed demand, driven by affordability relative to larger cities and attractive growth potential. Cities such as Taylor and Del Valle continue to show solid growth despite a slower pace. Taylor’s average sold price grew by 1.8 percent year-over-year, while Del Valle saw a 2.7 percent increase. These numbers suggest steady market activity in smaller cities that remain attractive for buyers seeking affordable housing options. Overall, the Austin area real estate market shows a mix of consistent long-term appreciation and localized market adjustments. Cities like Austin, Leander, and Wimberley continue to offer strong long-term returns, while markets like Burnet and Manchaca are experiencing notable short-term gains. On the other hand, cities such as Buda, Cedar Creek, and Lakeway reflect areas where prices have softened, presenting potential opportunities for buyers looking for value in a correcting market. The combination of historical appreciation data and recent trends provides valuable insights for homebuyers, sellers, and investors looking to navigate the dynamic Austin area housing market.&nbsp; <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241217121950.png" alt="" width="" height="" style=""></figure></div>

Explore the Austin area housing market trends, including 24 years of appreciation data. Discover where real estate prices are rising, which cities are cooling, and what to expect for 2025

Austin Area Real Estate Market: Year-Over-Year Appreciation Trends for 2024

Austin Area Short Sale Real Estate Analysis: Trends, Data, and Insights <a href="https://teamprice.com/short-sale">Short sale properties in the Austin area</a> offer unique opportunities for buyers and sellers navigating today’s real estate market. This analysis provides a detailed look at the current short sale listings in the region, with data on prices, discounts, and trends by city and zip code. Whether you’re considering purchasing a short sale or facing the possibility of selling through a short sale, understanding the market dynamics is crucial. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241217124245.png" alt="" width="" height="" style=""></figure></div> As of December 17, 2024, there are 37 <a href="https://teamprice.com/short-sale">active short sale listings in the Austin area</a>. These properties show significant price reductions, presenting potential value for buyers. The average listing price for short sale properties is $425,222, with an average price drop of $38,061, translating to an average discount of -7.3%. Short Sale Trends by City :&nbsp;The highest number of short sale listings can be found in Austin, with 9 active properties averaging a price of $425,222 and an average price drop of $38,061. In Buda, there are 4 listings with an average price of $395,224, and the average discount stands at $42,000, representing an -8.4% reduction. Killeen has 3 properties listed at an average price of $183,632, with price reductions averaging $21,333, or -8.4%. Other notable areas include Kyle, where 3 short sale properties are listed with an average price of $317,896 and an average discount of $33,104 (-7.6%). In Liberty Hill, there are 2 properties with an average price drop of $99,250, representing a substantial -21.6% reduction. Short Sale Insights by Zip Code : Short sale properties are distributed across several key zip codes, each reflecting varying levels of discount. In zip code 78642 (Liberty Hill), the average price drop is the highest at -21.6%, with properties discounted by $99,250 on average. Zip code 76549 (Killeen) shows a notable reduction of -12.6%, with an average discount of $32,000. The 78610 zip code (Buda) contains 4 listings with an average price drop of -8.4%. In 78645 (Austin), there are 2 properties averaging a price reduction of $42,500, or -6.2%. These figures highlight the diversity in short sale opportunities across the region. What is a Short Sale?&nbsp;A short sale occurs when a property is sold for less than the amount owed on the mortgage. This process typically happens when a homeowner is experiencing financial distress and needs to sell the property to avoid foreclosure. The lender must agree to accept less than the total owed amount to facilitate the sale. Buying a Short Sale: What to Expect?&nbsp;Buying a short sale can be an attractive option for those looking for potential discounts. However, the process can take longer than a traditional purchase due to the need for lender approval. Buyers must be prepared for a more extended timeline and the possibility that the lender may reject the offer or counter with different terms. Benefits of Buying a Short Sale: <ul><li>Discounted Prices: Short sales often sell below market value, offering buyers a chance to acquire property at a lower cost.</li><li>Less Competition: Unlike foreclosure auctions, short sales may attract fewer competing offers.</li><li>Opportunity for Equity: If the market improves, short sale properties may appreciate, offering potential for future equity.</li></ul> Considering a Short Sale as a Seller?&nbsp;Homeowners facing financial difficulties may consider a short sale to avoid foreclosure. A short sale can have less impact on credit compared to a foreclosure and allows for a more controlled sale process. When to Consider a Short Sale:<ul><li>Financial Hardship: If you can no longer afford your mortgage payments.</li><li>Negative Equity: If your home’s market value is less than the mortgage balance.</li><li>Foreclosure Risk: If foreclosure is imminent, a short sale can be a preferable alternative.</li></ul> Historical Analysis of Short Sale Properties :&nbsp;Looking back, the Austin area experienced a peak in short sales during the aftermath of the 2008 financial crisis. In 2011, there were 489 short sale transactions. This number gradually decreased over the years. By 2015, only 82 short sales were recorded, and by 2020, the number dropped to 3 transactions. In recent years, short sales have remained low, indicating a healthier housing market.&nbsp;In the City of Austin itself, short sales peaked at 143 transactions in 2012. Since then, the numbers have steadily declined, with only a handful recorded in the past few years.&nbsp;This historical context shows how market conditions and economic factors influence short sale activity. Current listings reflect a more stable market, though pockets of financial distress still create opportunities for buyers and options for sellers.&nbsp; <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241217124119.png" alt="" width="" height="" style=""></figure></div>

How Short Sales Are Shaping the Austin Real Estate Market : detailed data on short sale properties in Austin, including current prices, discounts, and historical trends. Learn what short sales are, their benefits for buyers, and options for sellers. Stay informed with the latest short sale market analysis

Austin Short Sale Listings: 2024 Market Trends and Analysis

Year-Over-Year Real Estate Analysis: December 2024 Shows Growth in Austin MLS and City of Austin December 16, 2024 : The Austin-area housing market continues to show significant growth as we close out 2024. A year-over-year comparison for December 2024 reveals increases across various metrics for both the broader Austin MLS region and the City of Austin itself. Key indicators such as the number of active listings, months of inventory, and property prices highlight notable shifts in the market when compared to the same period in 2023. These trends suggest a market that remains dynamic, with both buyers and sellers adjusting to changing conditions. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241216125200.png" alt="" width="" height="" style=""></figure></div> For the Austin MLS region, the total number of active listings increased from 11,009 in December 2023 to 12,665 in December 2024. This represents an increase of 1,656 listings, or 15.04%. The months of inventory also rose from 3.81 to 4.39, marking a 15.10% increase. This suggests a slight cooling in market demand, with more homes available for purchase. However, prices have continued to climb. The average active listing price increased by $21,141, moving from $556,348 in 2023 to $577,489 in 2024, reflecting a 3.80% rise. The median active price saw a similar trend, increasing by $16,785 to reach $446,785, a 3.90% jump.​The sold prices within the Austin MLS region also saw upward movement. The average sold price rose from $534,962 in December 2023 to $557,108 in December 2024, an increase of $22,146 or 4.14%. The median sold price increased from $419,995 to $435,000, which is a $15,005 rise or 3.57%. These increases indicate that while more properties are on the market, buyers are still willing to pay higher prices for homes, signaling sustained demand despite the increase in inventory.​Zooming in on the City of Austin specifically, the data reflects similar trends but with some variations. The total active listings grew from 3,001 in December 2023 to 3,430 in December 2024. This increase of 429 listings represents a 14.30% rise. Months of inventory increased from 3.52 to 4.07, showing a 15.82% growth. This indicates that homes are staying on the market longer than they did a year ago, providing buyers with more options.​Property prices within the City of Austin also reflect upward trends. The average active listing price climbed by $27,077, from $773,468 in 2023 to $800,545 in 2024, marking a 3.50% increase. The median active listing price increased by $19,000, reaching $599,000 in 2024, a 3.28% increase compared to the previous year. Sold prices have similarly risen, with the average sold price moving from $742,839 to $771,340, a $28,501 increase or 3.84%. The median sold price went up by $15,000, from $565,000 to $580,000, representing a 2.65% increase.​The data highlights that while there is more inventory in the market, prices are not decreasing. Both the broader Austin MLS region and the City of Austin show consistent appreciation in home values. This suggests that demand remains strong enough to support higher prices, even with a growing number of active listings and longer inventory periods. Buyers looking for homes in the Austin market are encountering more options but are still seeing price points that reflect the region's ongoing appeal. This year-over-year analysis provides valuable insights into the Austin housing market's current state and future direction. Buyers, sellers, and real estate professionals can use this data to understand how the market is evolving and make informed decisions moving forward. As we head into 2025, these trends will be key to watching how the market adjusts to new dynamics in supply and demand.&nbsp;

Discover how Austin's real estate market evolved in December 2024 compared to 2023. Explore data on active listings, months of inventory, and price trends in the Austin MLS region and the City of Austin

Austin Real Estate Market Analysis: December 2024 Year-Over-Year Trends

Austin Home Prices Surge in December 2024: Highest Monthly Increase Since February 2022 December 16 2024 : The Austin real estate market showed a remarkable surge in December 2024, posting the highest month-over-month price increase since February 2022. After a year of fluctuating trends, this strong finish signaled a significant boost in home values and overall market activity. Both the average and median home prices saw double-digit increases, marking a noteworthy shift in the market. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241216011314.png" alt="" width="" height="" style=""></figure></div>​ In December 2024, the total number of homes sold reached 2,346. This was a 5.5% increase from the previous month’s total of 2,223 homes sold in November 2024. Compared to December 2023, when 2,324 homes were sold, this represented a modest 1.0% year-over-year increase. The upward trend in home sales suggested growing buyer confidence as the year came to a close. The average sold price for December 2024 was $616,500. This was a significant $59,108 jump from November 2024’s average of $557,392. This 10.6% month-over-month increase marked the highest spike in home prices since early 2022. Year-over-year, the average sold price was up by $65,694, representing an 11.9% increase from December 2023’s average of $550,806. These figures highlight a clear upward trend in property values in the Austin area. The median sold price also saw substantial growth, reaching $480,000 in December 2024. This was an $47,500 increase from the previous month’s median of $432,500, representing an 11.0% month-over-month gain. Compared to December 2023’s median price of $440,415, this reflected a 9.0% year-over-year increase. The rise in both average and median prices indicated strong demand across various price points in the market. In addition to rising prices, the sold-to-list price ratio for December 2024 remained consistent at 97.01%. This figure showed that, despite the increase in home values, buyers were still purchasing homes at prices very close to the original list prices. The slight dip from November 2024’s ratio of 97.14% suggested that while prices were climbing, sellers were maintaining realistic expectations. The December 2024 data underscored a strong finish to the year for the Austin real estate market. The combination of increased sales volume and rising prices suggested a renewed energy in the housing market. This surge could be attributed to a variety of factors, such as improved interest rates, seasonal buying patterns, and overall market confidence. With December 2024 marking the highest month-over-month increase since February 2022, it sets the stage for an interesting year ahead in Austin’s real estate market. As we head into 2025, buyers and sellers alike will be watching these trends closely. The data for December 2024 paints a picture of a market where demand is strong, prices are rising, and opportunities abound for those looking to buy or sell homes in the Austin area. Keep in mind that these prices are from December 01 2024 to December 16 2024; prices will change as properties sell between today (December 16 2024) and the end of the month. Stay tunned for updated sold data and visit our <a href="https://teamprice.com/market-cycle">Market Cycle</a> page which is updated daily (Monday through Friday).&nbsp;

Austin’s real estate market surged in December 2024 with the highest month-over-month price increase since February 2022. Average and median home prices jumped over 10%, reflecting strong buyer demand and market growth

Austin Home Prices See Highest Increase Since 2022 in December 2024

December 2024 Real Estate Insights: Activity Index at Six-Month High December 03, 2024 : The Austin-area real estate market shows signs of strengthening as of December 3, 2024, with key indicators reflecting improved conditions for both buyers and sellers. Two essential metrics—<a href="https://teamprice.com/real-estate-glossary/activity-index">Activity Index</a> and <a href="https://teamprice.com/real-estate-glossary/months-of-inventory">Months of Inventory</a>—highlight the current state of the market and provide a detailed look at recent trends in Austin real estate. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241203012342.png" alt="" width="" height="" style=""></figure></div> As of December 3, 2024, the Activity Index for the Austin area stands at 23.1%, marking its highest level since July 3, 2024, when it reached 23.3%. This index measures market demand by comparing the number of pending properties to the total active and pending listings. A higher Activity Index indicates increased buyer engagement, a key factor driving the current momentum in Austin area real estate. The recent rise in the Activity Index represents a significant recovery, especially when compared to its low point of 21.3% in mid-August 2024. Another critical indicator, the Months of Inventory for the <a href="https://teamprice.com/">Austin real estate market</a>, is now at 4.48 months. This is the lowest level since April 25, 2024, when it stood at 4.4 months. Months of Inventory measures the time it would take for all current listings to sell if no new properties were added to the market. A decrease in this metric suggests tighter inventory, with homes selling faster due to higher buyer demand. This decline is welcome news for sellers, as it points to a more competitive market that may lead to stronger offers. The <a href="https://teamprice.com/">Austin real estate market</a> has experienced a dynamic year, with fluctuations in both the Activity Index and Months of Inventory. During the summer months, the market softened, with the Activity Index dropping and inventory levels peaking at 5.48 months in mid-July 2024. However, the latter half of the year has seen a reversal of these trends. The Activity Index began to rise steadily, and inventory levels started to decline, reflecting a renewed balance between supply and demand in the Austin area real estate market. These positive shifts underscore the resilience of Austin real estate. Buyers are returning to the market with confidence, and sellers are benefiting from improved conditions. The current trends also align with seasonal patterns, as the fourth quarter traditionally brings heightened activity in preparation for the new year. For those navigating the Austin real estate market, these insights are invaluable. The improving Activity Index and tightening inventory suggest that buyers should act quickly to secure favorable deals, while sellers can leverage the competitive conditions to maximize value. Looking ahead, the Austin real estate market's trajectory will depend on broader factors such as interest rates, local economic conditions, and housing affordability, but the current data signals a strong finish to 2024​

December 03 2024 : Explore the latest Austin-area real estate trends for December 2024, including the highest Activity Index since July and the lowest Months of Inventory since April. Learn what this means for buyers and sellers in Austin real estate

Austin Real Estate Market Trends: December 2024 Insights on Activity Index and Inventory

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