In December 2022, the Austin-Round Rock Housing Market has made a shift toward buyers with increased inventory and price records set once again.
For the first time since 2019, median home price in the Austin-Round Rock MSA did not experience any change, indicating a further normalizing market.
Inventory continues to make gains in the Austin-Round Rock MSA as home prices appreciate and the region inches towards a balanced market.
As home sales decline in the Austin-Round Rock MSA, homebuyers gain much-needed leverage with increased inventory and slowed price growth.
Welcomed increases in housing inventory, along with normal price growth signals the continuation of normalization in the Austin-Round Rock MSA.
Home price growth slowed down during the month of July as inventory rose in the Austin-Round Rock MSA.
The Austin-Round Rock MSA is beginning to experience normalcy as market activity returns to that of pre-COVD times.
In the past month, the Austin-Round Rock MSA received much-needed inventory improvement, providing relief to prospective homebuyers.
Though there was a 6% dip in home sales across the Austin-Round Rock MSA, first-time homebuyers must be prepared when searching for homes as inventory slightly increases.