Luxe Austin Homes - inventory

"Austin-area home sales decline in May as inventory rises"

Austin Business Journal writes, "The housing market in Austin showed more signs of slowing in May, with sales dropping and inventory rising.

The number of listings came in at 5,716, equating to five months of inventory, according to the latest report from Unlock MLS. Sales numbered 3,021 in May — a 3.8% year-over-year decrease — although 4,515 sales were pending, a 16.1% year-over-year increase and the most reported so far in 2025.

The median sales price in May registered $449,000, a decline of $1,000 from April.

Clare Knapp, housing economist for Unlock MLS and the Austin Board of Realtors, said the slowing market could motivate sellers to adjust their prices to align more with what buyers can afford and are willing to pay.

“It's not that…

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"Household Real Estate Value Falls in the First Quarter of the Year"

Realtor.com writes, "In a slight setback for homeowners, $200 billion was shed from the total value of household real estate during the first months of 2025—but it remained the fourth-highest on record.  

The aggregate market value of all U.S. homes owned by those living in them retreated to $47.9 trillion during the year's first quarter, down from $48.1 trillion at the end of 2024, according to the most recent release of the Federal Reserve Z.1 Financial Accounts.

This reflects a continued pullback from the highest total of $48.8 trillion, recorded in the second quarter of 2024, according to a recent Flow of Funds analysis by Realtor.com® economists. Yet despite the downturn that has occurred across three consecutive quarters, homes gained $960…

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"The price-cut picture is changing as home listings rise and buyers gain leverage"

Austin Business Journal shares, "After several years of strong sellers' markets, buyers are gaining leverage in a number of housing markets across the nation — and it's reflected in both home-listing and price-cut data.

That’s according to The Business Journals' recent hottest housing markets analysis of first-quarter housing data from Intercontinental Exchange.

Of the 8,936 ZIP codes analyzed by The Business Journals, 5,788 (or 64%) posted a year-over-year increase in home listings in the first quarter. Of those, 698 (or 7.8%) recorded an increase of at least 50%.

The data revealed home listings grew significantly in many pockets of the country, underscoring observations by some market watchers that the national residential real estate…

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"The Housing Market Was Supposed to Recover This Year. What Happened?"

The New York Times writes, "As 2025 began, the stars were aligning for a housing market rebound.

Inflation was easing, the economy looked strong and mortgage rates were drifting downward. By April, there were more available homes to buy than at any time since January 2020, according to the Federal Reserve of St. Louis. The conditions were ripe for buyers to re-emerge, checkbooks in hands, and sellers to negotiate.

Then on April 2, President Trump rolled out his expansive global trade tariffs, shocking the stock and bond markets and sparking fears of a recession. Mortgage rates jumped again, hitting 6.89 percent for a 30-year fixed-rate loan on May 29, their highest level since early February. The extreme volatility threw cold water on a fragile…

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"Inventory of homes for sale in the Austin metro on the rise"

Austin Business Journal writes, "With housing inventory in the Austin metro on the rise, the region may be close to becoming a buyer’s market.

That’s according to the latest report from Unlock MLS, which found that the metro’s housing inventory reached 5.6 months in April, up 1.4 months from the same time last year and closing in on the six-month mark that's generally considered a balanced market. But with the inventory rising and a larger stock of more affordably priced homes, conditions could lead to a buyer’s market, or at least one that’s favorable for first-time buyers, said Clare Knapp, housing economist for Unlock MLS and the Austin Board of Realtors.

“If anything, it’s a good market for first-time buyers in the sense that they have a…

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"Austin's housing inventory went up and sales fell in April, per report"

CultureMap Austin shares, "Austin's homebuyers are uncovering an uncertain future for the housing market, as April sales took a nearly 14 percent dip from last year and housing inventory increased by 11.5 percent.

The latest real estate report from the Austin Board of Realtors (ABoR) and Unlock MLS said Austin's April housing data closely resembles a nationwide trend of higher mortgage rates and a decline in home sales.

New home listings in the Austin-Round Rock-San Marcos metropolitan statistical area (MSA) rose to 5,710 homes in April, adding to a total number of 13,351 active home listings. That's nearly 20 percent more from April 2024.

Only 2,484 homes in the Austin area were sold in April, and median home prices took a small 3.2 percent…

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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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"The National Observer: Real Estate: National housing market shifts amid spring season"

Editor's note: Here's a look at The National Observer: Real Estate, a roundup of top real estate news from across The Business Journals' network of publications.

Austin Business Journal shares, "Dallas tends to top the country on a lot of metrics, and it can count new housing supply as another feather in its cap.

The Dallas-Fort Worth Metroplex experienced a 27% growth in new housing from 2010 to 2023, or 9% higher than its predicted growth of 18%, according to a new study by the George W. Bush Institute-SMU Economic Growth Initiative. It's also much higher than the average metro growth rate of 15%.

Although DFW is becoming more expensive as more jobs and people move there, its new housing supply is helping to keep home prices and rents…

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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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