ABOR’s October housing report shows increase in listings, inventory time

The latest Central Texas Housing Report from Unlock MLS showed a 9.3 percent increase in active real estate listings across the Austin-Round Rock-San Marcos metro area in October, bringing the total to 11,599 homes. The months of inventory – which measures the current supply of homes in the region offered for sale relative to the number of homes being purchased – has grown to 5.1 months, up from 4.6 months in October 2023. Key figures for the city of Austin include 716 homes sold, a slight 0.8 percent year-over-year decrease, and a median price of $565,000, down 0.5 percent. New listings in the city rose by 1.7 percent to 1,170, while pending sales jumped 22 percent to 764. In Travis County, active listings increased 9.4 percent to 5,702, while the median price held steady at $510,000. Williamson County saw a 7.1 percent uptick in new listings and a 2.3 percent drop in the median price to $420,000. Hays County saw a 20.8 percent increase in new listings, but home sales dropped 7.8 percent, with a median price of $359,000, down 5.5 percent. Across the region, the average close-to-list price ratio was 92.7 percent, reflecting modest price adjustments in a more balanced market. The total dollar volume of homes sold reached $1.27 billion, marking a 1 percent decline compared to October 2023.