Luxe Austin Homes - median sales price

"Home sales in the Austin metro could heat up this fall"

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…

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"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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"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-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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"Austin housing market shows promising stability in 2025, report says"

CultureMap Austin shares, "Austin's real estate market has shown progress with improving stability thanks to an increase in listings and slight reductions in prices. Stabilizing prices aside, the overall market's activity brought in more than $17 billion in 2024, according to the latest report from the Austin Board of Realtors (ABoR) and Unlock MLS.

The final report of 2024 wrapped up the Austin-Round Rock-San Marcos metro's performance and compared it to 2023's statistics. Most notably, median prices in the Austin area declined 1.7 percent year-over-year to $445,000.

Unlock MLS' housing economist Clare Knapp, Ph.D., predicts 2025 will show similar activity to the previous year.

"2025 market activity will likely look similar to trends…

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"First-time homebuyers flock to Williamson County"

In October, the most recent data available, the median sales price of a home in Williamson County clocked in at $420,000 compared to $510,000 in Travis County and $565,000 in the city of Austin, according to the Austin Board of Realtors’ and Unlock MLS’ latest market data.

While the more affordable inventory in Williamson County is attractive to first-time homebuyers, the job market fueled by employers such as Apple and Samsung is also a major driver of demand in the region.

Kent Redding, ABOR's 2024 president, said buyers are comparing the average sales price of a home in Austin to other areas of the metro and deciding they simply can’t afford a house in Austin — especially at a time when mortgage rates are elevated.

The average 30-year…

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"New build-to-rent neighborhood aims to inject housing into fast-growing Leander"

Austin Business Journal reports, "A new build-to-rent neighborhood is opening in one of the fastest-growing neighborhoods in Leander.

Tricon Residential Inc., part of Blackstone Real Estate’s portfolio, is opening Tricon Bryson — a build-to-rent neighborhood consisting of 155 single-family homes — within Leander's wider Bryson development, according to an announcement. The new neighborhood will add to the region’s rental housing supply in Leander, where the U.S. Census Bureau estimates the population has more than tripled since 2010.

“There’s a tremendous need for more housing overall, and every day it’s harder and harder to get a new neighborhood approved and permitted and ready to go, whether for rent or for sale,” said Andy Carmody, senior…

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"Austin-area housing inventory edges higher in June with potential price relief on horizon"

Austin Business Journal shares, "Housing stock in the Austin area continues to edge higher, reaching healthier levels not seen in the metro in over a decade — and it's possible lower prices are on the horizon.

The Austin-Round Rock metro's housing inventory reached five months in June — the highest it's been since 2011, according to the latest Austin Board of Realtors and Unlock MLS market report. That's closer to the six months of inventory that housing experts say typically represents a healthy balance between supply and demand, and it's up from a level of 3.7 months of inventory in June 2023.

But what does an increase in inventory mean? According to Clare Knapp, an Unlock MLS and ABOR housing economist, buyers and sellers could expect to see…

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"Active Austin home listings keep rising in emerging 2024 trend, says report"

CultureMap Austin reports, "The latest real estate report from Unlock MLS and the Austin Board of Realtors (ABoR) has revealed that June saw a significant increase in the number of active home listings in the Austin metro area — continuing on a three-month high that began in April — and median sale prices are dropping to accommodate the rise in inventory.

New in the June report, Unlock MLS refers to the Central Texas region as the Austin-Round Rock-San Marcos metropolitan statistical area (MSA), whereas it was previously identified as the Austin-Round Rock-Georgetown MSA.

The data shows there was a 13.4 percent drop in home sales across the Austin-Round Rock-San Marcos MSA, with only 2,732 homes sold in June for a median price of $450,000. There…

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"Why reducing the minimum lot size for single-family homes could create a more attainable Austin"

Austin Business Journal writes, "Austin has a housing crisis with a lack of housing considered affordable to the majority of its residents. Professionals including teachers, EMS workers, firefighters and recent college graduates are being priced out of the communities they serve. Increasing mortgage rates, elevated home prices and limited inventory of affordable homes are some of the barriers to homeownership in Austin, particularly for would-be first-time buyers. To afford a $540,000 home, Austin’s median sales price in 2023, a household must make $180,000. This makes it extremely difficult for many to purchase a home here, driving them out of Austin and into the suburbs. The bottom line is that homeownership is unaffordable and unattainable to many…

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