Austin Business Journal shares, "While home sales in the Austin metro continued to slow in July, pending sales ticked up — potentially suggesting stronger sales activity heading into the fall.
That’s according to the latest market data from Unlock MLS, which found that the metro recorded 2,492 home sales last month, down from 2,823 in June and from about 2,700 home sales in July 2024. On the flip side, pending sales clocked in at 2,829 last month, up from 2,706 in June and about 2,440 in July 2024.
As sales have slowed, home prices have dropped. The median sales price in the metro fell from $449,000 in June to $435,000 in July.
“It’s typical for the summer market to slow as people focus on travel and leisure; we often see activity pick back up once school starts,” stated Vaike O’Grady, research advisor at Unlock MLS. “The year-over-year growth in pending closings is encouraging.”
Slower sales activity has resulted in increased inventory. The metro had 6.1 months of inventory in July, which is right at the six-month level that experts say typically represents a balanced market.
The potential for lower interest rates also could fuel more sales activity, O’Grady said. The average interest rate on a 30-year fixed-rate mortgage was 6.58% during the week of Aug. 14, according to Freddie Mac, a level that has rendered homes less affordable for many potential buyers.
The bulk of the sales activity that is taking place is occurring in the suburbs. In the city of Austin, 884 homes were sold last month, compared to 850 in Williamson County, 363 in Hays County, 116 in Bastrop County and 39 in Caldwell County.
Brandy Wuensch, 2025 Unlock MLS and Austin Board of Realtors president, has said previously that the suburbs are seeing greater buying activity because homes are more affordable and there is a wider inventory, which includes new construction.
For instance, the median sales price of a home in the city of Austin was $590,000 in July, whereas in Williamson, Hays, Bastrop and Caldwell counties the median sales price ranged from $300,000 to $419,995."
Source: Austin Business Journal
Written by: Cody Baird
Published: August 14, 2025
Posted by Grossman & Jones Group on
Leave A Comment