First half of 2025 sees slowdown in Austin housing market

In the first half of the year, Austin’s housing market continued its gradual slowdown, giving some potential good news for would-be buyers who have been facing one of the tightest markets in the country.

New data from the Austin Board of Realtors shows home prices for the first half of the year declined by 2.4% in the Austin-Round Rock-San Marcos metro to a median sales price of $439,000. In almost perfect lockstep, the number of homes sold decreased by 6.4% to 15,015 sales, reflecting the market’s stabilization after economic uncertainty earlier this year when the Trump administration implemented its tariffs.

"We’ve reached a point in the year where housing market conditions are leveling off," said Brandy Wuensch, president of the Austin Board of Realtors.

Pending listings dropped by 2.8% from the first half of 2024, hinting that this trend in a more buyer-friendly direction will likely continue. Active listings rose significantly, up 19.7% to 76,020, driving inventory levels to 5.5 months—just shy of the six-month threshold considered a buyer’s market.

MORE: Austin housing inventory increase pushes it to No. 2 in U.S. since pre-pandemic

"Rising inventory is expanding buyer choice," said Unlock MLS research advisor Vaike O’Grady.

However, many buyers remain cautious due to affordability challenges and higher mortgage rates. Even so, O’Grady emphasized that real estate agents are pivotal in navigating this complex environment.

On a more recent note, the results for June 2025 kept in line with the market’s broader path toward stabilization. Closed sales for June rose slightly by 0.5% to 2,762, while the median sales price held steady at $450,000, unchanged from June 2024.

Other June data highlights include a 43.6% jump in active listings (to 17,662 homes) and a 5.6% rise in pending sales to 2,760, indicating stronger buyer activity heading into the year’s second half. Inventory levels also increased during June, rising by 0.7 months to reach 5.5 months of supply.

"Sellers will need to remain flexible on pricing to maintain progress, particularly as affordability remains a significant hurdle for many first-time buyers," O’Grady said.

This is a developing story. Please check back for updates.