The numbers are in for January 2025, and the Greater Austin real estate market is showing some notable shifts compared to the same time last year. While prices and sales activity have dipped slightly, inventory has surged, giving buyers more options than they’ve had in recent years.

Year-Over-Year Market Comparison

• Median Sale Price: $432,503 (down 4%)

• Homes Sold: 1,337 (down 4%)

• Days on Market: 82 (up 4%)

• New Listings: 2,945 (up 21%)

   

What’s Driving These Changes?

One of the biggest shifts in the market is the increase in inventory, with 21% more new listings hitting the market compared to January 2024. Since the election, more homeowners have been motivated to sell, eager to make a change in their living situations.

At the same time, buyers are stepping up despite interest rates remaining steady. Many have decided that now is the time to move forward with their plans, regardless of market conditions. While homes are sitting on the market slightly longer, the increase in options makes it a favorable time for buyers who previously faced fierce competition.

What This Means for You

If you're thinking about buying or selling in the Austin area, these shifts could have a significant impact on your strategy. Buyers now have more choices and slightly more negotiating power, while sellers still benefit from historically strong home values.

Want to discuss how this market affects your real estate plans? Give us a call at 512-261-1000 or visit austintexasrealestate.com to connect with our team!