Austin Market Report - July 2025

[David Ivy]

The July 2025 report from the Austin Board of REALTORS® shows mixed trends across the metro and city markets, with prices holding steady in Austin proper while slightly softening across the wider metro. Here are some key highlights from the report, which compares July 2025 with July 2024:

• The median sales price in the City of Austin rose 2.2% to $590,000, while the greater Austin metro saw a 3.3% decline to $435,000. This divergence highlights relative pricing strength within Austin compared to the broader region.
• Closed sales were down modestly, falling 1.7% in Austin to 884 transactions and 7.9% in the metro to 2,492. As a result, metro sales dollar volume decreased 7.3% to $1.44 billion, while Austin held flat at $672 million.
• Pending sales grew strongly, rising 22.2% in Austin and 15.3% across the metro, which may indicate demand building into the fall. New listings were also higher, up 14.1% in Austin and 13.4% in the metro. Active listings also grew, increasing 14.5% in Austin and 15.9% in the metro.
• Inventory rose notably. The City of Austin now has 6.9 months of supply, up a full month from last year, while the metro sits at 6.1 months, up nearly one month. Both are right around the 6.5 months considered a balanced market by the Texas A&M Real Estate Center.
• Homes sold in 51 days on average in Austin (unchanged year-over-year) and 60 days in the metro (up 3 days). Sellers received 93.8% of their list price in Austin, a slight improvement from last year, compared to 93.1% in the metro, a small decline from 2024.

Here are the July 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 over the past year:

The median sales price for a single-family home in July 2025 was practically unchanged from a year ago in Austin, with a modest year-over-year increase of 2.5%.

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 13%. However, pricing for single-family homes in Austin is still about 55% higher than it was at the start of 2020. For the 10 year period spanning

July 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 6.58% interest, which is down from the 7.3% high seen over the past year. In fact, it’s the lowest rate we’ve seen since October 2024:

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-offer 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 picky buyers who want concessions. Days on market now average about 60 across the metro, and many listings reduce their price at least once. Properties priced and marketed well can still go under contract quickly, but overpricing will cost valuable time and money. With increased competition among sellers, it’s crucial to prepare your property to stand out and address obvious buyer objections before going on the market.