Understanding Austin's Housing Market: Are More Houses for Sale or Are People Buying More?

Is Austin a Buyer's or Seller's Market?

Understanding the real estate market is important for buyers and sellers alike. One way to gauge the market is by looking at the "Months of Inventory" (MOI). This shows how long it would take for all homes on the market to sell at the current pace. Analyzing MOI helps us see if it's a good time to buy or sell. This blog explores the Austin real estate market by breaking down MOI in different areas.

The analysis shows that Austin's real estate market is varied. The overall MOI is 5.47, suggesting a balanced market. However, there are differences in local areas.

Seller's Market: When MOI is less than 4.9 months, it's a seller's market. This means demand for homes is high, and sellers have the advantage. In areas like Hutto, Cedar Park, and Manor, MOI is below 4.9, making them seller's markets. Here, sellers often get multiple offers, and homes sell quickly, sometimes above the asking price. Buyers need to act fast and make competitive bids to secure a home."

Austin (4.41 months)
Bastrop (3.31 months)
Buda (3.49 months)
Cedar Park (2.95 months)
Georgetown (3.63 months)
Hutto (1.43 months)
Jarrell (4.02 months)
Kyle (4.25 months)
Leander (3.44 months)
Liberty Hill (4.58 months)
Manchaca (4.00 months)
Manor (2.90 months)
Pflugerville (2.44 months)
Round Rock (2.70 months)