Central Texas housing market moves in step with summer trends

The Austin-Round Rock-San Marcos MSA recorded 2,492 sales, down 7.9% from last July, with a median price of $435,000. The market followed familiar summer trends with sales slowing and prices adjusting slightly, while inventory stayed above 2024 levels despite a dip from June. Pending sales rose more than 15%, signaling stronger activity heading into fall.  

Vaike O’Grady, “It’s typical for the summer market to slow as people focus on travel and leisure; we often see activity pick back up once school starts. The year-over-year growth in pending closings is encouraging. Inventory is higher than in recent years, giving buyers more options, but the month-to-month dip in new and active listings suggests some sellers may be holding back. If interest rates shift lower this fall, we could see seller and buyer activity accelerate.”  

Brandy Wuensch, “Austin is consistently ranked among the top places to live in the U.S. This creates opportunities for buyers and renters. If you’re looking to buy or lease, this slower pace can work to your advantage. If you’re selling, well-priced homes are still moving quickly. Navigating our market can be complex, so working with a knowledgeable REALTOR® is the best way to position yourself for success.”  

You’ll find comprehensive information on the current market stats right here.  Additionally, for more details, feel free to explore www.abor.com.

If you would like to see a comparison to the Market Stats from July 2024, click here.

If you’re curious about markets beyond Austin, take a look at the Corpus Christi market.