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Understanding the real estate market dynamics is essential for buyers, sellers, and investors. The recent data on city-specific property activity sheds light on the trends that are shaping various regions. The activity index plays a pivotal role in this analysis, measuring the pace at which properties are being listed, moved to pending status, and sold. It offers a clear picture of market vibrancy; higher numbers signal robust turnover and an active market, while lower numbers reflect more stability or less movement.

Click here for a full activity index report on the greater Austin area!

In Austin, for example, 3084 active listings with an average price of $648,545 and a median of $500,000 showcase a diverse range of options. The pending sales numbers at 972 indicate significant buyer engagement, with average and median pending prices at $533,790 and $453,500 respectively. The 180-day sold data highlights a total of 4156 properties sold, with an average price of $615,519 and a median of $494,750. Austin's activity index stands at 7.97, showing a high level of market activity.

Round Rock shows substantial movement with 649 active properties averaging $449,652 and a median of $425,000. The 279 pending listings have an average price of $464,049 and a median of $431,990. A total of 672 homes sold in 180 days, averaging $452,823 with a median of $421,990. Round Rock's activity index is 5.90, demonstrating a consistent turnover rate.

In Cedar Park, the active inventory includes 143 properties with an average price of $568,813 and a median of $530,000. Pending sales are marked at 37 with an average of $598,029 and a median of $519,500. In the past 180 days, 146 homes were sold, averaging $555,101 and a median of $499,950. The activity index for Cedar Park is 5.74, reflecting steady market conditions.

Manor's data reveals 202 active listings with an average price of $377,183 and a median of $350,000. Pending properties number 52, with averages at $345,012 and a median of $335,500. The 180-day sold total includes 186 properties, averaging $344,440 and a median of $319,500. The activity index in Manor stands at 7.77, suggesting a relatively brisk market.

The activity index is crucial for market analysis, providing insight into how active or slow the real estate market is within a city. High activity index numbers indicate vibrant markets with quick property turnover, while lower numbers signify more balanced or slower markets.