Homes prices across Northwest Austin fall for third straight month

September was the third straight month where home prices overall have declined across Northwest Austin.

With the exception of a single-month dip in May, home prices had increased every month this year until July.

Overall, the median price for all properties in Northwest Austin fell 2.5% from August to September.

The September median price for all Northwest Austin single-family homes—including new builds and existing houses—fell to $575,000. That is a 3.3% decline from August, according to ABoR data.

Though the price of homes continues to fall across the Northwest Austin market, home prices remain historically high. ABoR numbers show the $535,000 median price of homes in September is 26.2% higher than the median price at the same point last year.

Northwest Austin’s real estate market remains pricier than the citywide real estate market, the new real estate report shows. According to ABoR’s data, the median price of all properties in the city of Austin was $525,000 in September, which is $10,000 cheaper than the mark in Northwest Austin.