"Buyers rejoice: Austin-area housing market ends streak of record-setting prices, sales"
Posted by Grossman & Jones Group on
Austin Business Journal reports, 'the median sales price of a home in the Austin-Round Rock metro was essentially unchanged in November from a year prior, the first time that's happened since February 2019, according to the Austin Board of Realtors.
The median price actually decreased, but just barely at 0.4%, to $467,955 — compared with $470,000 in November 2021, ABOR said Dec. 15. It's the latest sign of a cooling trend in the region's housing market, which is also seeing increased inventory and time spent on the market.
Ashley Jackson, an agent with Realty Austin and 2023 president-elect of ABOR, last month told Austin Business Journal there's hope the moderate adjustments are signs of a return to a more normal, seasonal market — as opposed…
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