Buyers continue to gain the advantage in the Austin market as rising inventory levels reach 13,351 active listings in April 2025, a 19.7% increase year-over-year and a 14% jump from the previous month. The number of months of available inventory rose to 5.6, up 1.8 months from last year and up slightly from last month. See the link below for the latest updates on the Austin real estate market.
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Despite higher interest rates, the Austin housing market is experiencing seasonal momentum. The shift is fueled by growth in listings, up 18.8% from last year, alongside stronger buyer activity and proactive efforts from sellers on pricing and builders with attractive incentives. This creates a balanced market that presents fresh opportunities for both buyers and sellers to participate confidently. See the full report at the link below.
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Inflation ticked down in the early March reading; the Fed again kept its benchmark rate unchanged; and interest rates remained well below 7%. Amid high volatility, stock markets saw substantial declines, then some recovery through the 3rd week of March. Consumer confidence continued to fall across all population segments by age, education, income, wealth, political affiliation, and region, and expectations for personal finances, jobs, inflation, business conditions, and financial markets all declined (per University of Michigan’s early-March “Surveys of Consumers”).
Generally speaking, the broader market is typically more affected by interest rates, i.e. affordability, while higher-price home sales are more influenced by stock markets, i.e. changes in…
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The latest report from Realty Austin Compass shows that the Austin housing market continued its shift toward balance in February, with active listings reaching over 10,000—up more than 16% compared to last year. While sales activity slowed slightly, homes are still holding their value and spending just under three months on the market. Buyers are gaining more flexibility, and sellers who adapt to current conditions are staying competitive. See the full report at the link below.
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On December 18th, the Fed dropped its benchmark rate for the 3rd time since summer, by another quarter percent, but suggested only 2 further reductions in 2025 – which was not what investors and bond markets wanted to hear. This caused stock markets to fall from recent highs and mortgage interest rates to spike up, but, so far, these are very short-term reactions and may quickly change course again. In early December readings, the U.S. jobs report rebounded, inflation ticked up slightly, and consumer confidence hit its highest point in 7 months. And, as of the date of this report, a government shutdown looms once again due to the inability of Congress to agree on a spending bill.
National existing-home sales in November 2024 fell 9.5% from…
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October 2024 Market Summary
U.S. existing-home sales in October 2024 rose 5.5% from September and 5% from October 2023. Year over year, the median single-family-home sales price and median condo/co-op sales price were up 4.1% and 1.6% respectively.
The number of listings for sale increased slightly from September, and jumped 19% from October 2023: In recent months, inventory has generally been running at its highest count in 4 years but remains far below pre-pandemic norms. Price reductions in October were up 17% year-over-year.
Approximately 59% of sales went into contract in less than 1 month (vs. 66% in 10/23), 19% sold over list price (vs. 28% in 10/23), and 27% of buyers purchased all-cash. The median days-on-market to…
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The latest statistics on the Austin home market shows that home inventory is reaching 5.9 months, making it a buyer's market. There are over 12,000 homes for sale, selling at an average of 93% of their original list price. Not surprisingly, Realty Austin Compass sell on average for 97% of their original list price. Despite the elevated inventory, affordability remains a challenge.
See the latest update on the Austin market at the link below.
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As we move into fall, Austin’s real estate market is seeing a surge in available homes and a drop in prices. With the number of homes for sale up 15% and median prices down 4% compared to last year, buyers are gaining more options and negotiating power. Homes are also staying on the market longer, averaging 70 days, putting added pressure on sellers to price competitively and offer concessions to attract serious buyers. With mortgage rates dropping to their lowest point in over a year and inventory growing, buyers are finding more purchasing power to secure a home at a better price. This report will cover what you can expect this season – from industry changes to why early fall might be the best time to buy or sell in Austin’s housing market.
See the…
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Mortgage rates have dropped from nearly 8% last fall to around 6.4%—the lowest in over a year—unlocking buyer potential and sparking renewed interest in the Austin housing market. Home prices have plateaued at $450K, holding steady from last month but 2% down compared to last year. Meanwhile homes are spending more time on the market, averaging 63 days, and housing inventory has increased to 5.1 months, up from 3.7 months last year, giving buyers more options.
The market is poised for what some are calling 'The Great Unlocking.' Discover how these shifts in mortgage rates, pricing, and inventory could open the door for both buyers and sellers who have been waiting for the right moment to act. See the latest update on the Austin market at the link…
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In May, the Austin-Round Rock-Georgetown area saw its highest housing inventory in 13 years, offering buyers more options and the ability to be more selective. However, higher mortgage rates have balanced the market, impacting buyers' purchasing power. Sellers are navigating a complex market where strategic pricing and understanding buyer behavior are more crucial than ever as home prices remain flat and housing inventory rises. See the latest update on the Austin market at the link below.
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