Austin, Texas Leasing Market Update
As we move further into 2023, Greater Austin’s real estate market has seen some pretty significant shifts in pricing, inventory, and more. Above you will see the April 2023 market stats released from the Austin Board of Realtors.
Median price falling, # of closings falling, days on the market up with ‘Months of Inventory’ slowly growing, as well as new listings being down 10%. What does it all mean?
A slowdown is upon the Austin, Texas real estate market.
ABOR’s stats typically only focus on the sales market and aren’t focused solely on the leasing market. We must look elsewhere to see how the to rental market in Austin is being affected. Using data from apartmentdata.com, we are able to see the same slowing down effect taking place in the rental market.
After a peak just after the beginning of 2023, you can see the dip on the ch...