AXIOS Austin writes, "It's prime time to list homes in Austin, according to a new Zillow report.
Why it matters: Sellers who listed their homes in early spring last year made more money on the sale than at any other time of the year.
The big picture: The "best time to sell," per Zillow researchers, depends on where you live, and the season starts early in Austin.
- Across the U.S., homes listed late last May sold for 1.6% more — typically $5,600 — than any other time of year.
- San Jose, California; Seattle; and San Diego also saw price premiums in March, while late fall was prime time to sell in Tampa Bay and Phoenix.
Zoom in: Listing Austin-area homes in the second half of March boosted the final sale price by 2.3%, or about $10,400, on the typical home.
- In February, the median home price across greater Austin fell 3.9% compared to February 2024, to $430,000, per the Austin Board of Realtors.
- Within the city of Austin, the median price was just over $560,000 in February 2025.
State of play: Mortgage rates remain elevated this spring, and while some shoppers have adjusted to higher rates, many still feel priced out or find few options available.
- The average rate on the 30-year mortgage has stayed just under 7% for nine straight weeks, Freddie Mac data shows.
What they're saying: "Lower prices and rising inventory are helpful, but they don't change the fact that high borrowing costs are squeezing homebuyers," Kendall Garrison, CEO of Austin-based Amplify Credit Union, said in a statement.
What we're watching: Mortgage rates continue to dictate the sluggish housing market.
- "When rates fall, more buyers rush in, putting upward pressure on prices, which could happen at any time of year," Zillow senior economist Orphe Divounguy said in the report.""
Source: AXIOS Austin
Written by: Sami Sparber & Asher Price
Published: March 28, 2025
Posted by Grossman & Jones Group on
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