Here’s what we saw overall for the month of December across the Central Texas market:
The market showed consistency across the board with stats going in the same direction for each field, in each market. Across the board we saw:
- Median Sales DOWN
- Closed Sales DOWN
- Average Days on Market UP
- Total Sales Volume DOWN
- Months of Inventory UP
The only outliers to the above were Caldwell County and Hays County. Both showed a slight uptick in Median Sales at 6% and 5% increases respectively, and Caldwell also walked away with a slight increase in closed sales, at 2.6%
In addition, here are the outcomes of 2022 vs 2021 averages across all counties:
Median sales increased by 11% at an average of $503,000 with closed sales down by 18%. Properties are sitting longer on the market with Average Days on Marketing up by 11 days, averaging 31 days. Sales volume declined by 9%, which given the market in the last 2 quarters of 2022, isn’t so bad at an average of $21 billion. Finally, active listings increased a whopping 155% at just until 6,000.
With 2022 behind us, we’re hoping for brighter horizons and a leveled playing field in 2023.
Check out the below snapshot stats summarizing the real estate market for the month of December in the Central Texas region as well as the Year-Over-Year report.
