228
Housing inventory in Austin is soaring to new heights, which – coupled with normal price growth – is contributing to the Austin-Round Rock MSA housing market’s stabilization.
According to the Austin Board of REALTORS®, active listings in the five-county area skyrocketed 170.2%, causing inventory to reach 2.9 months – the highest level since September 2018 – which still falls short of the six plus months required of a healthy market.
“While we are watching market conditions normalize, local leaders can’t take their eyes off the ball,” 2022 ABoR President Cord Shiflet said, underscoring housing for current and future Austin residents needs to be prioritized.
– ECPR