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Austin Housing Market Report May 2025
Austin's housing market continued to shift in May, with prices holding steady at $449K and inventory reaching nearly 15,000 active listings. Homes sold more quickly than last month, averaging 57 days on the market, 19 days faster than April. Pending sales were up 16.1% from April 2024, showing that buyers are still active. With more choices and stable pricing, the market is moving at a healthier pace for both buyers and sellers. As Compass CEO Robert Reffkin recently told CNBC, “It's a better time to be a buyer than it was last year. You can't buy what's not for sale, and there's a lot more for sale," Reffkin said.
Let’s look at May’s numbers:
- Available Homes Increase — May saw 14,673 active listings, a 17.4% increase year-over-year and a 10% jump from April.
- Prices Hold Steady — The median home price was $449K, down 1.6% from May 2024 and unchanged from last month.
- Market Pace Picks Up — Homes spent an average of 57 days on the market, 19 days less than April and only 9 days more than last year.
- Buyer Interest Surges — Pending sales climbed 16.1% year-over-year, suggesting that many are ready to act even as closed sales slipped 3.8%.
- Supply Remains Solid — Months of inventory dipped slightly to 5.0, up 1.0 month from last year and down less than 1 month from April.
- Market Snapshot — Over 14,000 homes are on the market, selling for an average of 94.6% of the original list price; listings achieved 98.1% of their original list price and sold 17 days faster than the MLS average.