About a week ago, in Buyer and Seller Insights Amid Austin’s 2025 Market Shift, I told you that the market for existing (resale) homes in the Austin metro area is challenging. Listing inventory is up, sales are down compared to one year ago, and prices have failed to rise year-over-year.
Today, the National Association of REALTORS® provided similar news about the market across the country:
Home Sales Inch Up, But Buyers Stay Cautious Amid Mortgage Worries
The article begins, “Despite a modest uptick in home sales, uncertainty continues to cloud the housing market. Elevated mortgage rates and economic headwinds may be leaving some would-be home buyers hesitant, even as the inventory of for-sale homes improves and buyers find they have more negotiating power in some markets.”
And in the South, the report shows, “Sales … were down 0.5% compared to a year ago. Median price: $367,800, down 0.7% compared to May 2024.”
As I have noted before, Austin’s frantic run-up in 2022 led to a longer recovery than many other metro areas, but our situation is a lot like the assessment offered in that article. I’ll update you going forward.
Bill Morris on Austin Real Estate 
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