Austin Housing Market Cools Here’s What It Means for Buyers and Sellers

The Austin housing market is shifting. Prices are still well above pre-pandemic levels, but the pace of growth is slowing. Here’s what that means for homeowners and buyers in our city.

The Numbers

Median home prices are still about 40% higher than before the pandemic. In the past twelve months, growth slowed to just a few percent. Inventory has climbed to the highest level in several years, and days on market are stretching out.

What Buyers Need to Know

More listings mean more options. Buyers can take their time and negotiate. Concessions from sellers are becoming more common, and in some neighborhoods, closing prices are coming in below list.

What Sellers Need to Know

This market rewards strategy. Pricing competitively and presenting your home well are key. Overpricing will lead to longer days on market.

Neighborhood Trends

Westlake, Bee Cave, and Northwest Hills are seeing more active listings and fewer bidding wars. That creates a window for buyers who have been waiting.

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