Austin Real Estate Market Report – October 2023

Skyline of Austin, Texas with the Lamar Bvld. Bridge

Stay in the know with monthly Austin Real Estate Market Reports provided by the Austin Board of Realtors with the support of the Texas Real Estate Research Center at Texas A&M University.  

Austin Real Estate Market Report - October 2023

In October, the median home price in the Austin-Round Rock MSA saw a 7.5% decline, settling at $435,000, as reported by the October 2023 Central Texas Housing Market Report from the Austin Board of REALTORS®. Residential home sales in the MSA increased by 4.1%, totaling 2,337 sales. This suggests that buyers are still finding value in the market, even amidst higher interest rates.

In this market, it’s crucial for sellers to establish a clear strategy in collaboration with their REALTOR® when navigating the housing market. To gain a precise and current grasp of the present Austin real estate market, contact our team of real estate experts who have access to the most recent market data.

Christie’s International Real Estate Launches Luxury Austin Brokerage

Christie’s International Real Estate, the world’s preeminent luxury real estate brand, entered the Austin market this fall with the launch of a new affiliate. The brokerage firm will be owned and operated by Jerry Mooty Jr., with backing from the Jerry Jones family, owners of the Dallas Cowboys Football Club. Mooty, who is Jones’ nephew, also owns @properties Christie’s International Real Estate offices in Dallas and Frisco.

Mooty has brought on Romeo Manzanilla as principal, chief operating officer, and broker of record for the new firm. A longtime fixture in Austin real estate, Manzanilla previously led Texas operations for Compass, and before that, served as broker in charge at Realty Austin, where he grew the firm from 25 to more than 600 agents. He is also a past president of the Austin Board of REALTORS®, and a current board member of Texas REALTORS® and the National Association of REALTORS®

Curious about your home’s value? 

In today’s ever-evolving real estate landscape, pricing your home correctly is more important than ever. Our professionals use local market insights and industry-leading technology to build custom market reports, tailored to your property’s unique features. We guide you through the best pricing strategies to ensure a swift and successful transaction. Let us help you uncover your home’s highest value!  

Written by @Properties