Luxe Austin Homes - supply

"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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"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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"Homebuyers Face Less Stress as More Listings Hit the Market"

Realtor.com writes, "It’s spring home selling season, and there’s good news for buyers who may feel less pressure to commit to a home on the spot as more listing options are available.

The Realtor.com® weekly housing data showed that listing prices flattened even as new listings and active inventory growth continued. The data suggests that March home shoppers will have more options and a bit more time to evaluate those options this year versus last.

The Realtor.com forecast expects modestly higher home sales from the low 2024 bar as inventory recovery gives home shoppers more options and more market power. That mortgage rates are steady this year at a time when they surged last year will likely benefit spring shoppers and should encourage…

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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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"4 things to know about Austin’s housing market in 2025"

ATX Today writes, "Predictable, steady, opportunity. Those are the words Unlock MLS Housing Economist Dr. Clare Knapp used to describe Austin’s housing market this year at the Austin Board of Realtors Headquarters today.

If you’re looking to buy or sell a home in the Capital City in 2025, here’s what to expect. 

1. Predictable mortgage rates

Knapp said mortgage rates will likely stay in the 6% range during the first half of the year and might dip into the 5% range later in 2025.

2. Consistent home prices + sales

Active listings in Austin were up by nearly 15% in 2024, and Knapp said healthy inventory is expected to carry over into 2025. Home sales and prices will probably remain flat, but Knapp emphasized that prospects may still be…

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"Millennials desperate for affordable homes are willing to make surprising concessions"

Austin Business Journal reports, "Few millennials believe their generation can afford a home, and some are so desperate for an affordable purchase they would be willing to buy a home with serious defects.

According to a new survey of millennials by Clever Real Estate, just 21% of millennials believe their generation can afford a home, a substantial decline from 52% who said the same in early 2024. Additionally, 96% of respondents said they have concerns about purchasing a home, with 44% saying they're worried about finding an affordable home — up from 35% in 2024.

The report notes that the median home price is about $420,000, but 68% of millennials who want to buy a home in 2025 want to spend less than $400,000. That's up from 57% who planned to…

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"Zillow economist calls Austin’s housing market ‘healthy’ going into 2025"

AUSTIN (KXAN) — "A senior economist for real estate company Zillow told KXAN that the Austin-Round Rock Metropolitan housing market is set to enter 2025 in a “healthier” spot than its previous “unsustainably hot” situation.

Zillow senior economist Orphe Divounguy said in a Dec. 11 interview that 2024 saw a “cooling in the housing market.” The company rated the Austin-Round Rock Metro as a buyer’s market in an October 2024 report.

“We’re in a period of transition, and we’re going to continue to see home sales continue to rebound slowly from the big trough that we had in 2023,” he said. “The big surprise at the national level was the fact that we started to see some sellers return.”

Divounguy’s prediction for the national market in 2025?…

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