May '25 Austin Real Estate Stats: Prices Flat, Inventory Grows
- Jen Berbas
- Jun 24
- 3 min read
May real estate stats for the Austin Metro are in! Here's what you need to know.
Summer is officially here, and along with the heat comes a fresh batch of market data for the Austin Metro area. The May 2025 stats reflect a market in delicate balance: while buyer demand is holding steady, inventory continues to grow. This isn't a red flag just yet, but it’s a sign that buyers have more leverage and that sellers need to remain strategic. We’re still in a normalized seasonal cycle, but there’s a slight shift in pressure as summer gets underway.
Key Highlights
Total sales were down -2.5% year-over-year, signaling flat demand across the metro.
Pending contracts ticked up +2.9%, the first year-over-year increase in 2025.
Average price dipped -0.5% and median dropped -1.9%, remaining flat overall.
Inventory rose to 5.4 months, up significantly from 4.2 in May 2024.
Average Days on Market increased to 71, up from 59 last year.
What does this all boil down to? Only 15% of the homes in the Austin 5-county area are selling!
Average and Median Pricing Summary
Despite moderate downward pressure, prices remain relatively stable when viewed over a longer timeframe. The small year-over-year dips in both average and median prices are more indicative of a market plateau than a sharp correction.
Pending Contracts Signal Seasonal Strength
Pending contracts finally showed a year-over-year increase in May - a first for 2025 - and a clear sign that demand is following normal seasonal patterns. This bump aligns with what we typically see in late spring, and we anticipate that this may be the peak before a gradual decline into the fall.
Listing Activity Ticks Up Again
New listings continue their seasonal rise, with May bringing another wave of inventory. We're now ahead of 2024 levels and beginning to see listing volumes rival those of 2021. This increase in supply, however, isn't being matched by demand, contributing to the growing Months of Inventory.
Active Listings Climb
The number of active listings jumped again in May, increasing 17.5% year-over-year. This brings inventory up to 5.4 months of inventory - the highest we’ve seen since the early post-pandemic cooldown. This shift marks a return to more neutral market conditions and requires sellers to adjust strategy accordingly.
Market Volume Declines Slightly
Transaction volume for May 2025 declined -2.5% compared to last year, and year-to-date volume is now down -7.9%. This reflects not only fewer transactions, but also lower average prices - which has implications for everyone from homebuyers to industry professionals.
If You’re a Buyer
Now is a safe time to buy. With prices mostly flat and inventory growing, buyers have more choices and a stronger position at the negotiation table. Mortgage rates remain a factor, but if you plan to stay in your home for five or more years, the odds are very much in your favor for long-term appreciation. Rates are expected to decline through late 2025 and into 2026, offering potential refinance opportunities.
If You’re a Seller
You can absolutely sell successfully this year - but pricing and marketing strategy are critical. Buyers are cautious and inventory is growing. The seasonal peak in demand is now, so it’s important to act quickly if you haven’t already listed. Overpricing in this environment is a mistake that could cost you valuable time and money.
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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