June 2023 Austin Market Update

June 2023 Austin Market Update

  • Portico ATX Real Estate
  • 10/6/23

Overall June tells the continuing story of leveling the market. Supported by a diverse and resilient economy, Central Texas is withstanding current economic conditions.

What we are seeing is still a leveling off from unsustainable price increases and demand from the pandemic. While median sales price in June is down 9% YOY over 2022, it’s still up almost 50% compared to June 2019 (and it is also up 2.7% compared to May 2023).

Average days on market are 61 days - 43 days up from last year, but the lowest it has been since November last year.  

Active listings continue to grow with just a little shy of 10,000 listings active in the Austin Roundrock area in June. This record inventory leads to a high months of inventory of 3.7. 

As always, drop us a text or email for any and all real estate needs and questions - always happy to hear from you!


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