Article provided by: ABOR.com
We can use the Texas Quarterly Housing Report to see how Austin-Round Rock real estate compares to the rest of the Texas. In the first quarter of 2016, the inventory of homes statewide hit an all-time low at 2.8 months. That means if no more houses were listed for sale in Texas, it would take less than three months to deplete the supply of homes on the market now. For Austin and the Round Rock area, inventory remains steady from the previous year at 2.0 months. Why does this matter? Historically low inventory means homes are in demand now more than ever.
The Real Estate Center at Texas A&M University estimates that a monthly housing inventory between 6.0 and 6.5 months is balanced between supply and demand. Texas and Austin-Round Rock were less than half that number in the first quarter of 2016.
See other stats and comparisons below.
Texas Report at a Glance
Austin-Round Rock at a Glance
About the Texas Quarterly Housing Report
Data for the Texas Quarterly Housing Report is provided by the Data Relevance Project, a partnership among local REALTOR® associations and their MLSs, the Real Estate Center at Texas A&M University, and the Texas Association of REALTORS®. The report provides quarterly real estate sales data from a statewide perspective and for 25 metropolitan statistical areas in Texas.