April 2023

Austin real estate market update April 2023 provided by Casa Lewis Realty Group, Homes listed: 2,266  Homes sold: 675  Average Days on Market: 54  Average Price: $827,943  Average cost per square foot: $366

Don't let the average days on market (AVG DOM) stat above fool you—that number is starting to trend down and we're starting to see new listings move quickly again (think multiple offers the first weekend on the market). The key is that the homes that are moving are actually priced (and presented) correctly.

So, while we're still seeing a higher average DOM compared to this time last year (April 2022 Avg DOM was 14 days!), that's largely thanks to overpriced homes from December 2022 & January 2023 still sitting there and driving that statistic up for every listing! Although, even those are starting to move, thanks to strategic negotiations.

Deals are picking up, y'all!

If you want to know what it takes to buy or sell in this market, let’s connect!

***Market Update stats pulled from ABOR MLS on 5/1/2023 at 9am CST. Records may vary as new data is added to the system after the fact.

Previous
Previous

Cherrywood

Next
Next

Windsor Park