WHATS HAPPENING IN THE AUSTIN REAL ESTATE MARKET

The latest numbers are in from Unlock MLS, and here’s what we’re seeing across the Austin-area housing market in the first quarter of 2025.

Home sales are down, with 6,698 residential sales across the Austin region — a 9.1% drop compared to this time last year. At the same time, median home prices dipped slightly by 2.3%, bringing the median to $429,869.

So what does that mean if you’re buying or selling right now?
It’s clear we’re still feeling the impact of high mortgage rates and broader economic uncertainty. While that’s slowed activity for now, housing inventory has increased — we’re sitting at 5.3 months of inventory, which is the closest we’ve been to a balanced market in a long time.

March was a key factor in the Q1 numbers: sales were down 9.3% across the five-county area, but new listings were actually up by 9.5%, and median prices held steady compared to last March.