Austin Housing Market Report June 2025

Staying informed about the Austin housing market is crucial, whether you're looking to buy or sell.  See what’s happening in the Austin housing market and how broader economic trends and local activity are creating a more balanced and confident real estate environment.

June brought a noticeable rise in housing supply across the Austin housing market, with active listings reaching 15,360, a 4% increase from the previous month. The median home price held firm at $449K in June, reflecting continued stability in the market. Although buyer activity eased from May, it remained ahead of last June, signaling steady demand. With more homes coming to market, the summer season is taking shape with increased inventory and a more measured pace.

Let’s look at June’s numbers:

• Available Homes Increase — June ended with 15,360 active listings, an 18.2% increase year-over-year and a 4% jump from May.
• Prices Stay Flat — The median home price held steady at $449K  in June, showing no change from this time last year and no change from last month.
• Market Pace Slows — Homes averaged 72 days on the market in June, 15 days more than May and 8 days more than June 2024.
• Buyer Activity Cools — June saw 2,706 pending sales, 3.5% higher than June 2024 but 38% lower than May’s peak.
• Inventory Levels Rise Slightly — Months of inventory reached 5.5 in June, up 0.5 from May and less than 1% higher than June 2024.
• Market Snapshot — Over 15,000 homes are on the market, selling for an average of 93.9% of the original list price; Realty Austin Compass listings achieved 98.5% of their original list price and sold 27 days faster than the MLS average.

“Every market cycle brings its own set of challenges, and that’s where creativity comes in. By combining local insight with innovative tech tools, we give clients the clarity they need to act decisively and close with confidence.” – John Coake, Senior Vice President, Realty Austin Compass

Even with a slower pace compared to May, June’s numbers highlight how Austin continues to perform differently than many other markets across the country. While national headlines have focused on falling prices, fewer buyers, and tighter inventory, Austin’s trends point to something more resilient. 

Buyers Are Still Showing Up

National headlines continue to focus on affordability concerns, but Austin’s market tells a more balanced story. Despite higher mortgage rates, many buyers remain active, motivated by stable prices, more inventory, and fewer bidding wars. In June, the median home price held steady at $449K, unchanged from May and up just under 1% year-over-year, according to Unlock MLS. On average, homes sold for 93.9% of their original list price, while Realty Austin Compass listings outperformed the market at 98.5%. Buyers are adapting to current financing conditions by exploring rate buydowns, flexible loan options, and adjusted budgets. Some are moving forward simply because they feel less rushed and more prepared. Sellers are holding firm on value, showing that both sides are engaging with focus and intention.

Homebuying Activity is Outpacing Last Year

Although pending sales dipped from May, June still recorded 2,706 contracts, a 3.5% increase year-over-year. This sustained buyer interest reflects Austin’s strong fundamentals, even as many navigate elevated mortgage rates. Factors like steady pricing, a growing population, and an expanding job market continue to drive demand, helping the market maintain momentum.

According to Opportunity Austin, the metro added 18,500 jobs over the 12 months ending in May 2025, representing 1.4% annual growth and ranking 10th among the top 50 U.S. metros. The unemployment rate remained low at 3.3% in May, according to YCharts, well below the national average. With stable employment and rising wages, many buyers feel supported in their decision to move forward, even in a higher-rate environment.

Inventory is Growing

In many U.S. markets, inventory remains tight as homeowners hold onto low-rate mortgages and delay selling. Austin, on the other hand, saw active listings rise in June to 15,360, a 4% increase from May and 18.2% more than this time last year. According to Federal Reserve data, that is the highest number of active listings reported in the Austin area since at least July 2016. This growing supply gives buyers more flexibility and suggests that more sellers are feeling confident about listing their homes in today’s market. 

“Momentum is returning at its own pace. We’re seeing more homes hit the market and steady interest from buyers who are taking their time. It’s a quieter kind of confidence, but it’s definitely there.” – Jennifer Korba, Senior Agent Success Manager, Realty Austin Compass

Mortgage Rate Stability Is Offering Buyers Some Relief

While rates remain elevated historically, they have also become more predictable in recent weeks. As of mid-July, the average 30-year fixed mortgage rate held steady around 6.75%, according to Freddie Mac and Mortgage Insider. This kind of consistency is helping buyers plan with more confidence, especially those exploring rate buydowns or alternative financing structures.

According to HousingWire’s lead analyst Logan Mohtashami, mortgage pricing should improve slightly due to falling bond yields. He notes that “Treasury Secretary Scott Bessent talked about how the Aug. 1 trade deadline might not be the final day as they’re working on deals. Working on trade deals is beneficial for rates.” The Mortgage Bankers Association expects rates to gradually ease toward 6.7% by the end of the year, creating a more stable lending environment for well-prepared buyers.

Make Your Next Move a Meaningful One

Austin’s housing market continues to offer possibilities for buyers and sellers who are ready to take the next step. With more homes on the market and pricing stability, this is a moment to move forward with confidence. Connect with a trusted Realty Austin Compass agent and take the first step toward what’s next.

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