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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.

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      © 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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      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.

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      Austin Real Estate Market Update - Feb 15, 2024

      Trends, Insights, and Analysis

      Austin Real Estate Market Analysis - February 15, 2024

      by: Team Price Real Estate, Unmatched Agents, Unrivaled Insights
      Published on: Thursday, February 15, 2024 at 1:15pm

      Updated Market Overview : The real estate landscape in the Austin area continues to evolve, reflecting shifts in supply and demand dynamics. Comparing data from last year to the present, there's been a modest increase in the total number of active listings within the Austin-Area MLS, rising from 9,976 to 10,124 properties, marking a 1.5% uptick. However, the Months of Inventory has also seen a notable increase, climbing from 2.98 months to 3.58 months, indicating a 20.3% rise. These figures suggest a slight adjustment in the market balance, with a slightly higher inventory level compared to the previous year.

      Pricing Dynamics in Austin Real Estate : Across the board, pricing trends in Austin real estate have experienced slight fluctuations. The average active listing price in the Austin-Area MLS has seen a marginal decrease of 0.6%, settling at $562,761, while the median active listing price has dipped by 2.2% to $449,999. Similarly, the average sold property prices have experienced a slight downturn, with a 0.5% decrease to $537,387, and a 2.0% decrease in the median sold price to $426,322. These adjustments reflect the nuanced nature of the market, with pricing recalibrating in response to various factors influencing buyer and seller behavior.

      City and Regional Dynamics : Within the City of Austin, there has been a notable increase in total sales, rising by 7.2% from 2,544 to 2,728 properties, indicating continued demand within the urban core. However, the Months of Inventory has also seen a significant jump of 47.5%, from 2.20 months to 3.25 months, suggesting a shift in the balance between supply and demand. Additionally, both the average and median active listing prices in Austin have experienced declines of 7.1% and 7.1%, respectively, further reflecting adjustments in pricing dynamics within the city.

      Central Texas Cities and Zip Code Analysis : Analyzing data from Central Texas cities and zip codes reveals localized variations in market conditions. In terms of month-over-month price changes, 47% of cities and 47% of zip codes reported increases, while 53% of cities and 51% of zip codes experienced decreases. Looking at year-over-year data, 43% of cities and 37% of zip codes witnessed price increases, with the remaining experiencing declines. These findings highlight the heterogeneous nature of the real estate market across different areas within Central Texas.

      Sales vs. List Price Analysis : The current sales-to-list price ratio stands at 96.93%, indicating a market where buyers often negotiate prices below initial listings. Among properties sold this month, the majority, or 70.57%, sold under the list price, while 18.86% sold at the list price, and 10.57% sold over the list price. These figures reflect the negotiation dynamics between buyers and sellers in the current market environment.

      Peak Value Analysis: Austin-Area MLS : Reflecting on peak values over the past 12 months, several key metrics have experienced declines. From their respective peaks, the average list price decreased by 5.36%, the median list price decreased by 12.02%, the average sold price decreased by 16.97%, the median sold price decreased by 16.59%, the average sold price per square foot decreased by 18.52%, and the median sold price per square foot decreased by 16.79%.

      Peak Value Analysis: City of Austin : Similarly, analyzing peak values within the City of Austin reveals declines across various metrics. From their respective peaks, the average list price decreased by 4.09%, the median list price decreased by 10.41%, the average sold price decreased by 21.62%, the median sold price decreased by 23.72%, the average sold price per square foot decreased by 26.24%, and the median sold price per square foot decreased by 25.70%. These figures underscore the broader market trends and adjustments in property values within the city limits.

      The following report, with over 570 pages, dives deep into every facet of the Austin real estate market, focusing on market cycles, affordability, and interest rates, providing essential insights for informed decision-making. Team Price Real Estate, with its expertise and data-driven approach, continues to uphold its commitment to "Where Experience Meets Insight," delivering exceptional service in the Austin real estate market.

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