In September, the Austin area saw the highest number of active home listings since 2011
Experts say we're still in a seller's market, but homes are taking longer to sell and are being bought for less than the original list price on average.
AUSTIN, Texas — Prospective homebuyers can start breathing a little easier, according to new data from the Austin Board of Realtors (ABoR).
The ABoR reports that in September, home sales declined 18.5% to 2,992 closed listings as active listings were up 162.4% to 9,671 listings. That's the highest number of active listings in the area since July 2011, according to ABoR.
"Homebuyers have not had this much leverage and this many options in over a decade," said Cord Shiflet, 2022 ABoR president. "We’re still in a seller’s market, but as homes take longer to sell and are being bought for less than the original list price on average, and with inventory steadily increasing, right now is a great time to be a homebuyer in Central Texas."
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