Luxe Austin Homes - home prices

"Here's where home prices grew the most in Q1 as affordability worsens for many Americans"

Story Highlights

• The National Association of Realtors says 83% of metro areas saw their single-family home prices grow in Q1.
• Nationally, the median single-family home price grew 3.4% in the first quarter.
• The Northeast performed the best in sales and price gains while the South lagged.

Austin Business Journal writes, "The U.S. housing market may be showing signs of softening but in most cities, single-family homes only got more expensive at the start of 2025.

A new report by the National Association of Realtors found 83% of metro areas tracked by the NAR saw their existing single-family home prices increase in the first quarter of 2025. While down from the 89% of metro areas that saw price growth in the fourth quarter of…

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"Gen Z's regret grows over generational housing divide"

Austin Business Journal writes, "High home prices and elevated interest rates have members of Generation Z worried about missing out on the dream of homeownership — or deeply regretting having taken the plunge.

According to the BMO Real Financial Progress Index, 54% of American renters envy people their age and younger who have purchased a home. It's a dynamic that's even stronger among Gen Zers, with 63% of those respondents saying they are envious of homeowners. The Gen Z share is second only to that of millennials, who are most likely to be envious, at 67%.

"The data show that owning a home remains a key component of the American dream, but with some obstacles still facing first-time homebuyers, younger generations worry they missed their…

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"Housing market shifts to favor buyers — but they're not buying"

Austin Business Journal writes, "Like much else about the U.S. economy, tariffs and broader uncertainty are weighing on home sales amid the industry's crucial spring season.

In March, more than 375,000 homes were newly listed on the market — an increase of nearly 9% compared to the same time last year, according to Zillow Group Inc. (Nasdaq: ZG) research. But newly pending sales were flat compared to last year, despite slightly lower average mortgage rates in March 2025 compared to a year ago.

That's despite several aspects of the market — including price cuts hitting their highest point in at least seven years — shifting to favor buyers.

Inventory rose to 1.15 million homes in March, an increase of 19% from last year and the most inventory…

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"Post-pandemic effects on housing market still linger across Travis County"

Community Impact writes, "This year’s appraisal valuations from the Travis Central Appraisal District show that single-family residences experienced an average 3.4% decline in market value compared to last year.

However, the median market value for a residential homestead in Travis County is still up 46%, or $163,841, since pre-pandemic levels in 2019.

The big picture

Beginning April 9, more than 488,000 Travis County property owners received their appraisal notices by mail. The notices include the market value assigned to a property as of Jan. 1, as well as the taxable value of that property based on its exemptions.

“Property owners can review their 2025 values on our website and should expect to receive their notices of appraised value over the next…

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"March median home prices drop year over year in Cedar Park"

Community Impact shares, "The median home sale price in the Cedar Park and Far Northwest Austin areas declined slightly for March 2025 when compared to the previous year.

The median home price in March 2024 was about $530,233, compared to $500,000 in 2025. The number of new and active listings also increased, while the region showed a slight decline in closed sales and homes under contract.

The 78726 ZIP code in northwest Austin saw a steep decrease in the number of homes sold when compared to the same time in 2024. The region dropped by 55.56% year over year, dropping from nine houses sold in 2024 to only four in 2025. The 78641 ZIP code, encompassing parts of Cedar Park and Leander, also saw a decline, dropping 19.58%, while other ZIP codes showed…

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"Greater Inventory Brings Home Buyers Back to the Real Estate Market"

Realtor Magazine writes, "As the spring thaw sets in, new housing momentum is “flashing encouraging signs” for the market, says NAR Chief Economist Lawrence Yun.

A notable uptick in housing inventory nationwide may be pulling the real estate market out of a long winter hibernation.

Total existing-home sales, which account for completed transactions for single-family homes, townhomes, condos and co-ops, rose 4.2% month over month in February, the National Association of REALTORS® reported Thursday.

“Home buyers are slowly entering the market,” even as mortgage rates and home prices appear frozen at elevated levels, says NAR Chief Economist Lawrence Yun. “More inventory and choices are releasing pent-up housing demand.” 

Existing-home…

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"By the numbers: Home prices cool, rental rates dip in Austin"

ATX Today writes, "Curious about the Austin housing market? Whether you’re buying, selling, or renting, February’s data reveals key trends to know.

A new Unlock MLS report shows home prices are cooling while rental costs are lowering slightly. The report compares data from February 2024 to February 2025, covering single-family homes, condos, and townhomes.

Take a look at the numbers shaping Austin’s real estate landscape."

Sales

• The median sales price dropped to $430,000 — a 3.9% decrease.
• Active listings jumped 16.7% to 10,235.
• 3,826 new listings hit the market — a 6.5% spike.
• The total sales dollar volume fell 4.9% to $1.05 billion.

Leases

• The median rent dipped 2.4% to $2,195.
• Active leases rose 3.5% to 3,899,…

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"Average new home price in Austin fell $12,000 in January sales slump"

CultureMap Austin reports, "A new statewide real estate report has shown a slow decline in new home sales across Texas, including in the Austin metro area.

The latest New Home Sales Index by HomesUSA.com discovered that Austin saw the fewest new homes sold in January out of the four biggest metros in Texas. The three-month moving average of new home sales in Austin fell to 809 last month, versus 834 sales in December 2024.

Housing prices were was also lower in January, with the average new home in Austin dropping to $483,056. That's nearly $12,000 less than the average prices in December, which came out to $494,714.

While these declines may seem atypical, a sales slump is actually normal during the winter season, according to HomesUSA founder…

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"Austin-area housing market poised for another stable year, experts say"

Austin American-Statesman writes, "Steady as she goes.

That about sums up the 2025 outlook by real estate experts for the housing market in the Austin metro area, a five-county region stretching from Georgetown to San Marcos.

Peering into their crystal balls, several leading experts who have tracked the ups and downs of the Central Texas real estate market for years, even decades, foresee stable conditions this year. They predict the 2025 housing landscape could mirror last year's, as more normal trends continue in the wake of the COVID-19 pandemic era buying frenzy, when multiple offers, often well above asking price, were common.

Those expected trends include home prices remaining relatively flat; a steady supply of housing; predictable…

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"More listings add much-needed housing inventory, but some homes are sitting on the market longer"

Austin Business Journal writes, "The first few weeks of 2025 have brought an uptick in home listings, but whether housing inventory currently on the market is priced to sell remains to be seen.

New for-sale listings rose 7.9% in the four-week period ending Feb. 2 compared to the same timeframe a year earlier, according to data from Redfin Corp. (Nasdaq: RDFN). Despite the increased inventory, pending sales were still down 8.1% year over year.

Some of the pending sales slowdown could be seasonal or related to economic uncertainty, but mortgage rates and high home prices — including among newly listed inventory — are also keeping many would-be buyers sidelined.

Inventory is beginning to accumulate, and some homes are taking longer to sell, largely…

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