Austin Real Estate Market Report – September 2023

Austin Skyline image with waterfront view

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

September 2023 Austin Real Estate Market Stats

The Austin Real Estate Market Report for September revealed the most significant housing inventory level in over 8 years, totaling 4.0 months of inventory. Closed sales saw an 18.2% decline from the previous year, with 2,387 transactions, while the median closing price dropped by 4.3% year over year, settling at $452,080.

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