Per Austin Business Journal; Housing inventory, listings increase in Austin metro as mortgage rates remain elevated Sellers need 'a more aggressive pricing approach,' expert says

Housing inventory, listings increase in Austin metro as mortgage rates remain elevated

Sellers need 'a more aggressive pricing approach,' expert say. Nov. 2024.

By Cody Baird – Staff Writer, Austin Business Journal

click here for the direct exact Austin Business Journal Article.

Mortgage rates remain elevated compared to recent years, but Austin-area homebuyers have a robust inventory of choices, according to the latest market data from the Austin Board of Realtors and Unlock MLS.

The median sale price for homes fell slightly in October to $430,000, a 3.2% drop from the same time last year. And with a housing inventory that eclipsed the five-month mark, buyers had plenty of options.

Meanwhile, overall transaction volume remained flat year-over-year, as both active and new listings increased compared to October 2023.

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