Austin Housing Market Cools as Sales Drop and Inventory Rises

Austin housing inventory is at an 8-year high of 4 months supply according to the Austin Board of Realtors (ABoR).

Closed sales dropped 18.2% year-over-year amid higher mortgage rates.

Prices have dipped but affordability remains a challenge, especially for first-time buyers.

Travis County has the highest home prices while Caldwell has the lowest.

ABoR recommends buyers get pre-qualified and sellers improve curb appeal to navigate the changing market.