Austin Market Report - June 2025

[David Ivy]

The June 2025 report from the Austin Board of REALTORS® shows prices holding steady as we reach the halfway point of 2025, with stable buyer demand despite growing listing inventory. Here are some key highlights from the report, which compares June 2025 with June 2024:

• The median sales price was flat in the City of Austin and the greater metro at $590,000 and $450,000 respectively. This continues the stable pricing pattern we’ve seen for many months, despite steadily increasing inventory.
• Total closed sales in the metro were flat, but the city itself saw a 10% increase. This demonstrates continued buyer demand for housing in the face of rising inventory.
• Pending sales were up ~6% in both Austin and the metro area. However, this is a shift downward from more substantial increases seen in the spring.
• Listing inventory increased very substantially. There are 43% more active listings in the Austin metro market than there were this time last year. In the City of Austin, buyers have a whopping ~87% more active listings to choose from. With current demand, that has the market approaching 6 months of available housing inventory.
• According to the Texas A&M Real Estate Center, a balanced real estate market has around 6.5 months of inventory. It is a market where neither buyers nor sellers have an outsized advantage in pricing or other transaction terms. The Austin area has had 5-6 months of inventory for most of the past year.

Here are the June 2025 stats for Austin and the greater metro:

Here’s a chart showing the median sales price of a single-family home in the City of Austin in over the past year:

The median sales price for a single-family home in June 2025 was practically unchanged from a year ago in Austin, with a year-over-year decrease of less than 1%.

For some broader context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:

Compared to the recent price peak in May 2022, the median single-family home price in Austin is down approximately 12%. However, pricing in Austin is still substantially above pre-pandemic levels. In fact, the median sales price of a single-family home in the Austin metro is about 57% higher than it was at the start of 2020. For the 10 year period spanning

June 2015-2025, the median single-family home price rose at an annualized rate of ~8%.

I’m now also sharing leasing stats in my monthly updates. Here are the numbers for the City of Austin and the greater Austin metro area:

A 30-year fixed rate mortgage is at around 6.8% interest, which is slightly down from the 7.3% high seen over the past year:

For some broader context, here’s a chart for 30-year fixed mortgage rates over the past 5 years:

What if I’m a buyer? In a number of ways, this is the best market for buyers in Austin in many years. There are more listings to choose from now than any other time in nearly a decade. Listings are selling for roughly 93% of their list price on average. Multiple offers situations are the rare exception, not the norm. Buyers have significantly more negotiating power. They can take time with their search and be more selective about a property’s location and condition. So, if interest rates are a buyer’s primary roadblock, then I recommend negotiating a seller-paid interest rate buydown or looking at new construction, where builders are offering rate reductions and other substantial incentives.

What if I’m a seller? There is still strong demand for Austin area housing and pricing has been stable. Unless you bought in the past few years, you probably have good equity in your home. However, it’s important to price competitively and be prepared for buyers to request concessions. Days on market are averaging around 61 days in the greater metro. Many listings are reducing their asking price at least once while on the market. But properties priced and marketed appropriately can still go under contract in a matter of days. Now is not the time to “test the market” with an ambitious price. Overpricing your property will cost you valuable time and money. With the increased competition among sellers, it’s crucial to prepare your property to stand out and work to address obvious buyer objections prior to going on market.