
The latest numbers show the Austin housing market is moving at a slower, steadier pace. In July, sales of resale homes were down about 10% compared to last year, and new construction sales were up by 18% but overall average sold price has remained neutral. Homes are also taking a little longer to sell this year, with the average sitting at about 75 days on market.
What this means for you...
- Buyers benefit from more choices and extra time to make decisions.
- Sellers are still achieving solid prices (average sold price held steady at $508K), but in today’s environment, pricing right and making your home shine are key to attracting offers quickly.
The big picture? Austin’s market has cooled compared to the past few years, but well-presented and well-priced homes are still moving — just with a bit more balance between buyers and sellers.
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