The Austin housing market is shifting — in a good way.

With nearly 15,000 active listings in May, more homes are hitting the market than we’ve seen in years. Buyers have more choices, pricing is holding steady, and homes are moving faster. Whether you’re looking to buy, sell, or just stay informed, these are the kind of conditions that create confidence.

“You can’t buy what’s not for sale — and there’s a lot more for sale,” said Compass CEO Robert Reffkin in a recent CNBC interview.

We’re seeing it firsthand: buyer interest is growing, sellers are adapting, and the market is starting to feel more balanced.

Market Snapshot: May 2025

Here’s what stood out:

• Inventory is up — 14,673 active listings (↑17.4% year-over-year)

• Median home price held steady at $449K (↓1.6% YoY, unchanged from April)

• Homes sold 19 days faster than in April — now averaging 57 days on market

• Pending sales rose 16.1%, showing strong buyer demand

• Months of inventory sits at a balanced 5.0 months

Compass listings outperformed the broader market, selling 17 days faster and at 98.1% of the original list price — compared to the MLS average of 94.6%.

Why It Matters

This stability in price, paired with increased inventory, is giving both buyers and sellers more clarity and confidence.

“We’re seeing buyers return with a clearer sense of what they want,” explains John Coake, Senior VP at Compass. “It’s a more grounded environment than we’ve seen in recent years.”

With fewer dramatic price swings and more available homes, expectations on both sides of the transaction are aligning — making it easier to reach a deal.

Thinking of Buying? Don’t Wait Too Long.

While some buyers have waited for better conditions, May’s numbers suggest that hesitation window is narrowing.

• Pending sales are up

• Mortgage applications rose 9% nationally in early June

• Time on market is dropping

Those who move sooner may still find more flexibility and negotiating room than those who wait until summer activity peaks.

Seller Advantage: Equity Is On Your Side

Years of home value growth have left many Austinites in a strong position. U.S. homeowners with mortgages are now sitting on $17.6 trillion in equity — with an average of $212,000 per homeowner.

That equity could be the key to your next move — whether it’s upsizing, downsizing, or relocating.

Want to know how much equity you’ve built? [Reach out and let’s find out together.]

Final Thoughts

The market is shifting in a way that supports smarter, more confident decisions. With more listings, steady pricing, and renewed buyer interest, it’s a great time to explore your options.

At Council Real Estate Group, we’re here to help you navigate the Austin market with clarity and purpose — whether you’re dreaming about your next move or ready to act today.

Let’s talk.
You might be closer to your next chapter than you think.