May 2025 Austin Market Report

Here’s What You Need to Know

Closed sales in May fell 8.8% from last year to 811, but this gap is closing as new contracts rise annually and monthly. 

New contracts in May grew 18.4% from last year and 9% from last month, totaling 1,262, indicating increased buyer demand.

 Available inventory increased 17% from last year, with 

4,055 active listings. Although new listings slowed from last month, they were still 6.7% higher than last year. 

The average market time remains stable at 41 days, with homes closing at 95.12% of the original list price.

Homes on Deck 

In May, Austin had 4,055 active single-family listings, up 17% from last year but down 9.5% from the previous month.

5 Months of Inventory

The City of Austin currently has approximately 4.8 months of inventory, suggesting a balanced supply and demand.

Sales Pulse

The average number of days on the market is fairly consistent with the previous month, holding steady at 41 days. This represents a modest reduction of 3 days from the same period last year.

Price Tag Trends

Median Sales Price: $647,000

New Contracts Written: 1,262

Median List Price U/C = $659,000

Average List Price U/C = $855,797

Median List Price = $675,000

Average List Price = $913,067

Buyer and Seller Clues

Homes were sold in an average of 41 days, 3 days slower than in the same period last year. 

Properties are closing at approximately 95.12% of the original list price, with 54% of the inventory seeing a price reduction, averaging 

a 7% decrease.