State of the housing market: new listings are up, prices are stable

Austin Board of Realtors statistics from February 2024 indicate good conditions for both buyers and sellers in the Austin housing market.

The Austin skyline

The Austin Board of Realtors said data shows both buyers and sellers are feeling optimistic about the housing market in a press release.

Photo by @armandososaa

In a word, the Austin housing market is looking fairly stable for both buyers and sellers, according to the Austin Board of Realtors’ February Market Statistics report.

Let’s dive into some statistical highlights from last month.

City of Austin

  • Sales rose by 3% compared to February 2023.
    • About 200 more homes sold in February 2024 than January 2024.
  • The median sale price is $543,200, about $15,000 less than February 2023. However, that’s ~$8,700 more than January 2024.
  • New listings increased by 41.7% compared to this time last year.

Austin-Round Rock-Georgetown metropolitan area

  • The median sale price in February was $443,065, which is ~$13,000 more than January 2024 but ~$6,000 higher than February 2023.
  • There were three months of inventory in February. That’s...
    • 0.2 months fewer than January 2024
    • 0.1 months more than February 2023
  • New listings rose by 44.9%, compared to February 2023.
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