Austin Business Journal writes, "Homebuyers in the Austin area are gaining the advantage as competition heats up among sellers.
The metro's housing inventory continues to hover around the six-month mark and new listings have increased 43.6% year-over-year to 17,662 active home listings, according to Unlock MLS’s latest market report. However, the median sale price of a home in Austin in June was flat at $450,000 compared to the same time last year.
“We’re not 100% in a buyer’s market, but we’re pretty close,” said Brandy Wuensch, 2025 Unlock MLS and Austin Board of Realtors president. “Buyers definitely have more power to negotiate and get a lot more favorable terms from sellers in terms of closing costs.”
Sellers are having to become more competitive in terms of closing costs, increasing incentives and ensuring homes are turnkey ready with more options for buyers to chose from, Wuensch said. She added that sellers are grasping that the current market isn’t like the market of 2021, when you could put a for-sale sign in a yard and sell the home immediately.
In addition, Vaike O’Grady, research advisor at Unlock MLS, said the most recent data is suggestive of a market finding its footing in a more balanced environment.
O’Grady added that the median sales price in the metro holding steady suggests there's continued demand for housing in the area. Mortgage rates are also expected to remain stable, so sellers will need to remain flexible.
The average 30-year fixed-rate mortgage as of July 17 was 6.75%, according to Freddie Mac.
Meanwhile, Wuensch said the suburbs continue to see the bulk of the sales activity in the metro because of a larger inventory, which includes new construction."
Source: Austin Business Journal
Written by: Cody Baird
Published: July 17, 2025
Posted by Grossman & Jones Group on
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