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Snapshot of Austin's Real Estate Market: July 2023

In July 2023, Austin's real estate market experienced a significant contraction compared to the previous month. The total number of properties sold decreased to 2,593, marking a drop of 591 properties or 18.56% from June. This downward trend was also reflected in the year-over-year comparison, with 248 fewer properties sold, a decrease of 8.73% compared to July 2022.

The average sold price for properties also saw a decrease in July, falling to $598,358.65, a drop of $8,782.56 or 1.45% from June. This was also lower than the average sold price in July 2022, indicating a year-over-year decrease of 7.28%.

The median sold price in July was $464,000, a decrease of $11,000 or 2.32% from June. This was also lower than the median sold price in July 2022, marking a year-over-year decrease of 9.90%.

In summary, July 2023 saw a contraction in Austin's real estate market, with decreases in the number of properties sold and the average and median sold prices. Despite these fluctuations, Austin's real estate market remains dynamic and continues to be a key area of interest for buyers and sellers.

What is Austin Metrics? provides real estate agents and brokers in the Austin area with the most up-to-date metrics and analytics on the Austin housing market. Our data-driven insights cover a wide range of topics, including pricing trends, property valuation methods, and market predictions.

We offer over 500+ pages of real estate analytics that are updated on a weekly basis. Our plans start at less than1/2 a cup of coffee per day.


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