This chart shows the relationship between the active single family residential property listings (in units) vs sold listings in the Austin Board of Realtor MLS.  In October, it shows 12,870 actives vs 2,585 units sold.  The supply is increasing rapidly as the demand slows especially in the cooler/winter months are here.  The current interest rate is at 7.92% (source: ABOR)

 

Here are the statistics for Austin's Real Estate Market. In October 2023, unit solds (for single family residential) in Austin were 4% higher than last October. In Lake Travis ISD, there was an increase of 10% compared to last October. This is great news as we have been seeing less sales since the beginning of this year except in May, where we saw a small increase. With the interest rates at 7.92% for 30 year conventional, mortgage companies have been creative and offering rate buy downs.