March '25 Austin Real Estate Stats Review: Finding Balance in Austin's Spring Real Estate Landscape
- Jen Berbas
- Mar 1
- 3 min read
March real estate stats for the Austin Metro are in! Here's what you need to know.
While March headlines may focus on declining sales figures, the Austin real estate market tells a more nuanced story beneath the surface. As we navigate this transitional period, pending contracts signal renewed momentum, pricing remains remarkably stable, and increased inventory is creating a more balanced environment for both buyers and sellers. This month's update reveals a market that continues to find its equilibrium despite temporary fluctuations and external economic factors.
Let’s take a look at what we’re seeing across the Austin metro:
Key Highlights:
Sold Units declined -10.5% year over year, which will likely grab headlines, but is not unexpected.
Pending Units improved significantly MOM and were nearly flat year over year, which is encouraging for April and May.
Year over year Avg Sold Price increased +2.7% while Median Sold Price dipped -1.2%. Pricing remains stable.
Buyers may begin to hesitate due to recent global and economic uncertainty.
Sellers need to stay closely attuned to pricing trends and market conditions.
Pricing Remains Stable
Average and Median prices continue to hold steady, as they have for most of the past year. The Average Sold Price in the Austin metro increased +2.7% year over year, while the Median Sold Price dipped slightly by -1.2%. This continues the theme of pricing stability we’ve seen and reinforces that the market is not experiencing any meaningful swings up or down.
Pending Activity Suggests Stronger Sold Units Ahead
January and February were sluggish in terms of pending activity, so the drop in March’s sold units was expected. Fortunately, March saw a solid rebound in pending units on a month-over-month basis. Pending contracts were nearly even with March 2024, which is a strong leading indicator for healthier sold numbers in April and May.
New Listings Continue to Climb
Inventory has been rising in tandem with new listings, which jumped again in March. We’ve now seen several months of double-digit increases in new listings year over year. While this gives buyers more options and is good for the health of the market overall, it also means increased competition for sellers.
Sales Volume Dips with Units Sold
Given the drop in sold units, it’s no surprise that overall dollar volume followed suit. This is largely a function of timing and reflects the slower contract activity we saw in January and February. The silver lining is that pending activity points to stronger volume in the coming months.
Economic Volatility May Weigh on Buyer Confidence
While rates have held relatively steady, recent news and economic data have introduced some uncertainty that could affect buyer psychology. Market volatility and broader economic narratives may cause some would-be buyers to pause, especially if they perceive a less stable environment. We'll continue to watch this closely.
If You're a Buyer
The spring season typically brings more competition, but it also brings more inventory — and we’re seeing that play out again this year. The good news for buyers is that prices remain stable and there’s more to choose from. If interest rates hold steady or begin to decline later in the year, today’s purchases could look like a smart move in retrospect.
If You're a Seller
There’s a clear trend of increasing inventory, which means pricing and preparation are more important than ever. You can absolutely sell successfully in this market, but sellers need to be strategic. Properties that are well-prepared and correctly priced are moving, while others are sitting. It’s important to be aware of your competition and market conditions.
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!
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