Ellevé Property Group

Austin housing market update 📊⁠
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March showed a market in transition—inventory is tightening, but buyers are more selective than ever.⁠
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🏡 741 homes sold (+3.3% YoY)⁠
💰 Median price: $595K (-2.5%)⁠
📉 Avg price: $817K (-0.3%)⁠
📐 $345/sqft (holding steady)⁠
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Inventory has come down from last summer, with 3.58 months of supply—technically a seller’s market, but the reality is more nuanced.⁠
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Homes that are priced right and show well are moving fast 🔥⁠
Overpriced or stale listings? Sitting longer and seeing price cuts.⁠
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⚠️ 43% of listings have reduced their price⁠
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Bottom line:⁠
Buyers are active—but picky. Value matters more than ever, and pricing strategy is everything.⁠
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