Happy Thursday, Y’all! The latest market stats for Austin are here. And a
ccording to the Austin Board of Realtors' May 2022 Central Texas Housing Market
Report, "active listings experienced triple digit percentage growth year over year and inventory rose to over
one month of inventory for the first time in seven months. The data indicates the market is calming as
typical seasonality is returning in terms of the number of closings, even as sales dollar volume sustained a
Diving into these numbers further, in May, home sales decreased 10% to 1,121 sales, while sales dollar volume increased 5.6% to $923,095,353. At
the same time, median price rose 18.1% setting a new all-time record of $667,000 for the City of Austin. Last
month, new listings increased 4.6% to 1,511 listings and active listings rose 73.8% to 1,067 listings. For a further snapshot of these stats, please see below. And if you have any other real estate questions or need anything from me, then just let me know!
Hope y'all have a safe and fantastic July 4th weekend!