November pending sales activity shows resilience of Central Texas housing demand

According to the November 2025, pending sales in the Austin-Round Rock-San Marcos MSA rose 4.5% to 2,269 pending sales, and inventory reached 6.3 months, the highest level recorded in over a year. While prices remained stable—dipping 1.1% year over year to $430,000—closed sales fell 15.9% to 1,895 transactions.

“It is important to remember that November 2024 sales were boosted by the Fed’s first cut in interest rates, and mortgage rates moved accordingly. This year’s 16% drop appears steeper than it might under typical conditions,” Vaike O’Grady, market research advisor for Unlock MLS, said. “While October’s government shutdown likely impacted November 2025 closings, the 5% year-over-year increase in pending sales is encouraging and shows that motivated buyers are reentering the market. Last week’s Fed rate cut will likely bolster consumer confidence heading into 2026. As rates stabilize and buyers adjust to the new normal, we anticipate renewed momentum. The region’s long-term outlook is strong and will continue to buffer seasonal and economic shifts.”

Brandy Wuensch, 2025 Unlock MLS and ABoR president, “Inventory is growing, prices are steady and buyers are reentering the market with a more strategic mindset. REALTORS® are playing a critical role in helping Central Texans navigate this evolving landscape with confidence. It’s about positioning, not panic. Buyers finally have options, and sellers need to price their homes competitively based on current market conditions. Even though the pace is slower, Austin is still fundamentally strong.”

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 November 2024, click here.

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