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Published November 14, 2022
Austin, Texas Market Update | November 2022
Written by Gene Arant
Looking back at the real estate statistics from October, we see a few trends continue.
Sales prices are still 4% higher than they were this time last year. However, the days on market have continued to climb - from 18 days to 42 days on the market. October saw a 30% decrease in sales and more than a 100% increase in inventory.
If you are thinking about making a move in the next 12 to 24 months and would like to know how these interest rates are impacting the market and what we're expecting for 2023, reach out to us.
I’d love to talk with you about how our team can help!
Give us a call at 512-261-1000 or visit www.AustinTexasRealEstate.com.