Austin Metro Real Estate Market Update – January 2025 Stats
- Jen Berbas
- Jan 1
- 3 min read
January real estate stats for the Austin Metro are in! Here's what you need to know.
The new year is off to a strong start in the Austin metro real estate market. While pricing remains stable overall, we’re seeing some interesting shifts in supply and demand. The spring selling season is right around the corner, and now is the time to prepare if you’re considering buying or selling in 2025.
This week's inventory of the Austin Real Estate Market
We are seeing buyers come back into the market.
→ 30% increase in pending contracts since the first week of January
→ 8% increase in the active properties.
Buyers are feeling the tension right now, with multiple offers and newly listed homes they are interested in going pending quickly.
We felt a similar constraint in early 2024 but the market didn’t stay as strong through the Spring of 2024.
Time will tell if this year's market strength continues.
January Highlights - Year over Year
Total Sales increased +2.4% year-over-year, indicating steady demand.
New Listings surged +20.3%, giving buyers more options.
Pending Sales declined -12.1%,
Median Sold Price dropped -4.9%, reflecting some price adjustments.
Months of Inventory increased to 4.7 months, continuing the balanced market
Average and Median Sold Prices
While Total Sales ticked up, pricing showed slight softening. The average sold price dipped 1.1% to $536,000, while the median sold price declined 4.9% to $409,000. This suggests that while overall home values remain stable, there’s been a shift in the mix of homes being sold, possibly with more activity in lower-priced segments.
Total Sales Volume & Market Activity
Despite the modest price declines, the total sales volume in the Austin metro still grew 1.25% year-over-year, reaching $965.87 million. This is driven by a very slight increase in transactions, reinforcing that the market remains active even with some pricing adjustments.
New Listings & Pending Sales
A major story in January was new listings were 20.3% higher than they were this time last year, with 3,740 new homes on the market. However, pending sales (homes under contract but not yet closed) declined 12.1% again on a year-over-year basis, meaning some of these new listings aren't converting to sales as quickly as in previous years.
Historically, January is a lower-volume month for real estate transactions, with March through May being peak selling months. If mortgage rates improve in the coming months, we could see pending contracts rebound.
Broader Economic Indicators – Mortgage Rates & Job Market
Mortgage rates have fluctuated but remain above 7% for most of the year. Buyers are cautiously watching for potential rate reductions, which could stimulate demand. Additionally, job postings in the Austin metro have declined 18% YOY, reflecting ongoing challenges in tech hiring. Until hiring rebounds, we may see slower demand growth.
If You’re a Buyer
The increase in inventory means you have more options than last year. With sellers adjusting pricing expectations, it could be a good time to negotiate favorable terms. If mortgage rates dip in the spring, competition will likely pick up, so acting sooner could work to your advantage.
If You’re a Seller
Buyers are active, but pricing strategy is key. The market is shifting, with median prices declining slightly and inventory rising. To sell successfully, ensure your home is competitively priced and well-prepared. The March-May window is the best time to list if you’re planning to sell this year.
Our goal as your trusted real estate advisors is to provide you with the information you need to help you reach your investment goals.
As always, real estate is hyperlocal and extremely situational, so please reach out to us to discuss your specific situation. We’d love to help you and strategize what’s in your best interest.
Cheers!
© 2025 Berbas Group. All rights reserved.
Comentarios