Austin Housing Market Report November 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.

The Austin housing market gained momentum in November as pending sales rose compared to last year. This annual increase reflects the positive trends agents are seeing across the region, even as the market experienced a typical seasonal dip in monthly closed sales. While the holidays often limit short-term mobility, the year-over-year growth suggests a market that is strengthening as the year winds down.

Let's look at November’s numbers:

• Listings Slow Down — November ended with 11,926 active listings, marking an 11% increase from last year and a 10% decline from October.
• Home Prices Steady — The median home price reached $430K, declining just 1% year-over-year and 2% month-over-month.
• Days on Market Up Slightly — Homes spent an average of 79 days on market, up 3 days compared to last year and up 3 days from October.
• Pending Sales Rise— Pending sales totaled 2,269, up 4% from last year and down 7% from last month.
• Sales Cool Off — November saw 1,895 closed sales, a 16% decrease from last year and 15% lower than October.
• Supply Increases — Housing supply stood at 6.3 months, 1.5 months higher than a year ago and 1.0 months higher than October.
• Market Snapshot — Over 11,000 homes are on the market, selling for an average of 91% of the original list price; Realty Austin Compass listings achieved an average of 97% of their original list price and sold 16 days faster than the MLS average.

The Market Adjusts For The Season

For November, the Austin housing market is ticking up slightly as the year began to wind down. Year-over-year, buyer momentum increased, with pending sales up  4%.. This upward movement contradicts typical late-year patterns, when holidays and end-of-year schedules limit short-term mobility for many households.

Compared to this time last year, activity reflects a different backdrop. Active listings are up 11% year-over-year, while the median home price is down just 1.1% year-over-year, showing that the uptick in pending sales is happening alongside more available inventory and relatively small price shifts.

“While activity slowed for the season, higher inventory and minimal price movement are giving buyers and sellers clearer signals than we’ve seen in a while.” – John Coake, Senior Vice President at Realty Austin Compass

Inventory And Supply

November ended with 11,926 active listings, even as inventory declined 10% month-over-month due to seasonal timing. Housing supply rose to 6.3 months, up 1.5 months year-over-year and 1.0 months month-over-month, keeping supply levels elevated heading into winter. This reflects a broader trend seen this year, where fewer homeowners are rushing to list if conditions do not align with their goals. Many sellers appear willing to pause through the winter rather than make price adjustments late in the year.

Prices and Pace

Home prices remained relatively stable in November, with the median home price at $430K, down 1% year-over-year and 2% month-over-month. Homes spent an average of 79 days on market, an increase of 3 days year-over-year and 3 days month-over-month, reflecting a slower pace and more selective buyer behavior.

Across the MLS, homes sold for 91% of their original list price, while Realty Austin Compass listings averaged 97% and sold 16 days faster, underscoring the role of pricing strategy and presentation.

Mortgage Rates And The Outlook

Mortgage rates have remained relatively stable as 2025 comes to a close, averaging 6.19% as of December 29th. Recent reporting shows rates are being driven more by movements in the bond market than by immediate Federal Reserve action, which has helped prevent sharp swings. According to HousingWire, mortgage pricing has remained steady even as economic data continues to shift.

Looking ahead, most industry outlooks suggest mortgage rates are likely to stay relatively range-bound into early 2026, with gradual improvement possible later in the year rather than a rapid drop. HousingWire analysts note that cooling labor market conditions and easing inflation pressures could support modest rate relief over time, but expectations remain measured. As HousingWire’s lead analyst Logan Mohtashami recently shared, mortgage pricing is expected to be flat to slightly lower in the near term as bond yields fluctuate, offering buyers and sellers a more predictable financing environment heading into the spring market.

“Rates have been more predictable lately, which has helped take some of the guesswork out of financing.” – Jennifer Korba, Senior Agent Success Manager at Realty Austin Compass

Buyer And Seller Activity

Buyer activity showed mixed signals in November. Pending sales totaled 2,269, up 4% year-over-year despite the 7% month-over-month decline, indicating demand remains present beneath the seasonal slowdown. Closed sales totaled 1,895, down 16% year-over-year, reflecting fewer transactions closing before year-end.

For buyers, the current market continues to offer more flexibility and time to evaluate options. For sellers, outcomes remain closely tied to pricing accuracy and preparation as inventory stays elevated. Broader market forecasts suggest 2026 could bring modest growth in sales and easing affordability pressures if inventory continues to expand and mortgage rates remain manageable, giving both sides something to watch as the new year begins.

Planning Your Next Move

For those who are thinking about what comes next, today’s market offers more information and fewer surprises than in recent years. Current conditions give buyers and sellers more time to review options, understand the numbers, and plan without feeling rushed. The team at Realty Austin Compass is here to talk through timing, tradeoffs, and next steps when it makes sense for you.

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