The Austin residential real estate market has experienced significant shifts between 2022 and Feb 2025, reflecting broader economic forces, interest rate adjustments, and changing buyer behaviors. Below is a comprehensive analysis of key market metrics and emerging trends, based on data sourced from the ABOR MLS.
1. Year-over-Year Comparison (As of February 2025)
When comparing February 2025 to the same month in previous years:
Median Sale Price has decreased by 2.95% from 2024 and 1.47% from 2023, settling at $430,000.Number of closed Sales dropped by 13.45% compared to 2024 and 11.88% compared to 2023.Sales Dollar Volume also declined, showing an 11.76% decrease from 2024.Months of Inventory surged by nearly 90% compared to last year, indicating a market leaning heavily toward buyers.New Listings remained steady year-over-year but were still significantly higher than 2023 levels.Pending Sales showed a strong 27.6% increase over 2024, suggesting some resilience in buyer interest. 2. Median