Austin Housing Market Trends: Sold Over List Price Analysis (2000-2025)
Published | Posted by Dan Price
Understanding the Shift in Austin's Housing Market: Sold Over List Price Trends from 2000 to 2025 : The Austin real estate market has experienced significant shifts over the past 25 years. Analyzing data on homes sold over the list price from 2000 to early 2025 reveals important trends that provide valuable insight into market conditions, buyer behavior, and economic influences.
In the early 2000s, the Austin housing market displayed moderate competitiveness. From 2000 to 2005, the percentage of homes sold over the list price averaged between 17% and 27%. The highest point during this period occurred in May and June 2000, when 30.8% of properties sold above the asking price. This period of relative stability shifted slightly downward leading up to the 2008 financial crisis.
During the 2006 to 2010 period, the market began to soften. In 2007, the percentage peaked at 24.0% in April but dropped sharply as the housing market collapsed in 2008. By December 2010, only 10.1% of homes sold above the list price, reflecting buyer caution and market instability.
The recovery phase from 2011 to 2019 saw a gradual increase in competitiveness. In 2012, the market began to regain strength, with sold-over-list percentages rising back into the 20% range. By 2019, the market had stabilized with an average of 20.0% and a peak of 25.6% in May, signaling a healthy demand but not an overheated market.
A major surge in buyer demand and market dynamics occurred between 2020 and 2022. This period saw historically low mortgage rates and limited housing inventory, creating a surge in buyer demand. In 2020, the sold-over-list percentage rose from 17.0% in January to 38.2% in December. The market reached unprecedented levels in 2021, peaking at 72.6% in April, with an annual average of 58.5%. This surge continued into early 2022, hitting 67.7% in April. However, by the end of 2022, the percentage sharply declined to 11.6% in December, marking a significant market correction.
The years 2023 and 2024 have been characterized by market stabilization. In 2023, the percentage of homes sold over the list price averaged 13.7%, with a high of 17.9% in April. This trend continued into 2024, averaging 12.6%, with a peak of 17.0% in April. Early data for 2025 suggests further cooling, with a consistent 8.7% rate across the first few months.
These trends reflect how market dynamics such as interest rates, housing inventory, and economic cycles directly impact the percentage of properties selling over list price. The initial surge in 2020 and 2021 was driven by favorable lending conditions and low inventory, while the subsequent decline reflects rising interest rates, increased inventory, and shifting buyer behavior. Understanding these historical shifts is crucial for buyers, sellers, and real estate professionals aiming to navigate the evolving Austin housing market
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