Strong leasing activity mirrors steady home sales in January
In January, closed sales across the Austin-Round Rock-San Marcos MSA saw a slight increase year-over-year of 1.1% to 1,761 sales. While shifts in affordability and inventory continue to shape the market, the rise in active listings–up 17.0% from last year–indicates increased opportunities for buyers. At the same time, a notable 11.7% year-over-year increase in closed leases highlights the persistent demand for rental options as many navigate affordability challenges.
Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, “The single-family leasing market is often a more affordable option for potential homebuyers, and with median rents stabilizing at $2,195 in the MSA, we’re seeing a shift in dynamics. While home prices increased nearly 40% from 2019 to 2024, rents rose a more moderate 25%, making leasing a relatively more accessible option–particularly for potential first-time buyers. However, while leasing provides short-term affordability and flexibility, renters miss out on the long-term financial benefits of building equity through homeownership. With more inventory in both the for-sale and for-lease markets, potential homeowners and renters have more options than ever before. This dynamic allows them the opportunity to plan for a transition into homeownership while still benefitting from competitive lease options.”
Brandy Wuensch, 2025 Unlock MLS and ABoR president, “With the increased leasing activity we’re seeing alongside home sales, it’s clear that both buyers and renters are actively engaging with Central Texas’ housing market. Unlock MLS is proud to start delivering leasing data to provide a deeper look at market trends, empowering professional agents with the insights they need to make informed decisions on behalf of their clients. Whether someone is looking to purchase, sell or rent a home, working with an Unlock MLS agent who has access to the most transparent data ensures they can confidently navigate their next move in our housing market.”
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 January 2024, click here.
If you’re curious about markets beyond Austin, take a look at the Corpus Christi market.
