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(325) 518-1294ryan@teamprice.com
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    • Ryan Kelly(325) 518-1294
      ryan@teamprice.com
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    • Team Price Real Estate
      7320 N Mo-Pac
      Austin, TX 78731
      (512) 213-0213
      dan@teamprice.com

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      Central Texas Multiple Listing Service

      Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Ryan Kelly may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.

      North Texas Real Estate Information Systems

      © 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ryan Kelly shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright

      Austin Board of Realtors

      The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

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      LERA MLS

      Information provided Courtesy of LERA MLS - Local Expertise Regional Access. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed. Provided courtesy of the San Antonio Board of Realtors. Copyright 2025 LERA MLS, All Rights Reserved.

      Greater McAllen Association of Realtors

      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

      Navigating the Austin Real Estate Market

      Key Data and Trends on April 27, 2023

      AUSTIN-TX : Thursday, April 27, 2023 : Over the past year, the Austin housing market has undergone a remarkable transformation, marked by substantial shifts in inventory levels and home prices. For buyers and sellers alike, staying up to date on these market trends and statistics is essential to making well-informed decisions. In this article, we will delve into the most recent data surrounding the Austin real estate market, shedding light on emerging trends while offering valuable insights into housing affordability and promising investment opportunities.


      Inventory Growth in the Austin-Area MLS

      • The number of active listings in the entire Austin-Area MLS has more than doubled in the past year. In 2022, there were 4,853 active listings, while in 2023, there are 10,260 active listings. This remarkable growth of 111.4% has led to an increase in months of inventory, from 1.43 months in 2022 to 4.27 months in 2023, a whopping 198.5% increase.
      • The City of Austin experienced a similar trend, with the number of active listings jumping by 134.8% from 1,280 in 2022 to 3,005 in 2023. As a result, the months of inventory in the City of Austin increased from 1.11 to 4.15, a 273.6% increase.


      Analyzing Home Prices in the Austin Market

      • In the Austin-Area MLS, the average active home price increased by 3.32% year over year, reaching $726,067. However, the average sold price dropped by 11.18% to $585,748, while the median sold price declined by 15.83% to $450,302.
      • In the City of Austin, the average active home price rose by 5.25% year over year, reaching $970,146. The average sold price decreased by 5.13% to $790,292, and the median sold price dipped by 9.2% to $599,000.


      Central Texas Cities and Zip Codes

      • When examining the 30 cities in Central Texas, 57% experienced a month-over-month price increase, while 40% saw a price decrease. However, only 10% of these cities had a year-over-year price increase, with the remaining 90% experiencing a decline in prices.
      • Out of the 75 zip codes in Central Texas, 60% witnessed a month-over-month price increase, while 39% experienced a decrease. In terms of year-over-year changes, only 12% of the zip codes saw a price increase, with the other 88% facing a decline in prices.


      Property Sale Trends

      • In the Austin housing market, 60.55% of properties sold under the list price in the current month, a decrease from the previous month's 66.57%. Properties sold at the list price accounted for 20.08%, a slight increase from the previous month's 18.95%. Finally, 19.37% of properties sold over the list price, up from 14.48% the previous month.


      Mortgage Payment Insights

      Considering the current median sold price of $470,500, a 20% down payment, and a 30-year mortgage rate of 6.34%, the monthly mortgage payment (PITI; Principal, Interest, Taxes, Insurance) can be calculated as follows, using a tax rate of 2.25% and an insurance rate of 0.68%:

      • Principal and Interest: $2,300.57
      • Estimated Property Taxes ($470,500 x 0.0225): $1,058.63
      • Estimated Homeowner's Insurance ($470,500 x 0.0068): $129.86
      • Total Monthly Mortgage Payment (PITI): $3,489.06

      Comparing this to April 2022, when the total monthly mortgage payment was $3,700, housing affordability has improved by 5.71%, making it a more opportune time for potential homebuyers.


      Staying informed on the ever-changing Austin real estate market is essential for making well-informed decisions, whether you are a buyer, seller, or investor. Our comprehensive analysis of the latest trends and data will help you navigate the market with confidence. We encourage you to reach out to our expert team for personalized advice and assistance tailored to your unique needs. Remember to visit us weekly for the most up-to-date information and insights on the Austin housing market, empowering you to make the best choices in your real estate journey.

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      Austin Area Residential Sales Insights