Home inventory up in Austin: buyers search outside of city limits

This update is on the house — Austin area home sales are on the decline as buyers scout more affordable homes outside of Travis County.

According to Unlock MLS’ July Central Texas Housing Report, the market saw a 3.5% year-over-year decrease in sales overall in July 2024, while inventory reached its highest point since 2011.

Let’s take a closer look at the state of Austin’s housing market based on the July 2024 market snapshot.

• The median sales price was $450,000 — a 2.8% decrease from July 2023.
• There were 12,661 active listings — a 20.3% increase from July 2023. Of those listings, 3,812 were new listings.
  
  • 2,652 resulted in closed sales, and 2,567 sales were pending.
• Available homes spent an average of 63 days on the market, up four days from July 2023.