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Here’s What You Need to Know

February saw dynamic shifts in buyer activity for single-family homes in Austin.

Mid-month, new contracts dipped but rebounded strongly in the final week, coming in just 5% lower than last year and setting a promising tone for March.

Meanwhile, new listings jumped over 7% to 1,038, and the median sale price climbed 7% to $615,000. With spring on the horizon, sellers are ready to seize the moment, and buyers seem eager to keep up.

Homes on Deck in February – Available inventory was up almost 10% from last year, with 2,374 active listings in February. New-to-market listings were up 7%, with 1,038.

4.3 Months of Inventory -This spring, sellers are displaying increased confidence by adding more inventory compared to the same period last year, raising the months of inventory to 4.3.

Sales Pulse – Closed sales were down slightly, around 6% from the previous year, at 520, and new contracts were down just under 7%, at 670.

Buyer and Seller Clues – Homes took an average of 75 days to sell, no movement from February 2024.

The Average Sold Price to Original List Price Ratio is a steady 93.3%. Flat from last year.