"Central Texas housing market holds steady with balanced inventory and rising pending sales"

Happy Thanksgiving to you and yours. According to the October Central Texas Housing Report released by our MLS provider, pending sales increased 5.8% to 2,463 sales, and inventory ticked up to 5.3 months across the Austin-Round Rock-San Marcos MSA. Marking the seventh straight month of price stability, median sales prices rose 1.4% year over year to $439,000, while closed sales dipped 9.6% year over year to 2,238 sales across the MSA.

***The Central Texas Housing Report is generated from the previous months sales in the middle of the following month by our MLS. We choose to name our "Market Update" for the month we send it.