Hooked on Real Estate Newsletter
April 13-20
What’s Trending in Austin Real Estate
Current Trends
- Inventory is slowly rising – good news for buyers!
- Prices are holding steady, but sellers need to price strategically to attract attention.
- East Austin & Buda are becoming HOT spots for value + vibe
- Tech relocations are still trickling in (thanks, Tesla & Apple!)
- Renters are turning into buyers as mortgage rates flirt with the 6% range again
- 👀 What It Means for You:
- 📉 Buyers: You’ve got more options and less competition than last spring — it’s your time to explore!
- 📈 Sellers: Price it right and stage it well — buyers are savvy and want value.
- 🏡 Investors: Pay attention to suburbs like Kyle, Hutto, and Liberty Hill — strong growth ahead.
- Buyer’s Market Emergence: With increased inventory and a slowdown in price appreciation, buyers are gaining more negotiating power. Homes are selling for an average of 5.36% below the asking price.
- Days on Market: The average time a home stays on the market has increased, indicating a shift towards a more balanced market. As of January 2025, the average days on market is 84 days, up by 3 days compared to January 2024.
Weekend Picks
Austin Reggae Fest
Celebrate good vibes with live reggae music, delicious food, and a vibrant community atmosphere. This annual festival supports the Capital Area Food Bank, making it a feel-good event in every sense.
Moontower Comedy Festival
Laugh out loud with performances from top comedians across multiple venues. It’s a comedy lover’s dream and a great way to experience Austin’s lively downtown scene.
Texas Longhorns vs. Auburn Baseball Series
Cheer on the Longhorns as they face off against Auburn in a historic matchup. With Texas currently ranked No. 1 nationally, it’s a thrilling time to catch a game.
Austin Psych Fest 2025
Immerse yourself in psychedelic sounds with performances from Explosions in the Sky, Darkside, Dinosaur Jr., and more. It’s a must-attend for music enthusiasts.
Explore Austin’s Culinary Scene
Discover new dining hotspots like Electric Gravy, a Mumbai-inspired bar and canteen, or Mission Burger Co.’s all-day vegan restaurant. Austin’s food scene is ever-evolving, offering something for every palate.
Average Home Price
Median Home Value: Approximately $522,717, reflecting a 4.8% decrease over the past year.
Median Sold Price: Around $595,000, indicating a 4.39% increase from April 2024.
This suggests a bifurcated market where higher-end properties are appreciating, while lower-tier homes are experiencing slight declines.
Inventory Trends
Active Listings: As of March 2025, there are 9,229 active listings in the Austin-Round Rock area, up from 7,905 in February.
Market Implication: The increase in inventory provides buyers with more options, contributing to a more balanced market compared to the competitive landscape of previous years.
Mortgage Interest Rates
30-Year Fixed Mortgage: Currently averaging 6.81% in Texas.
15-Year Fixed Mortgage: Approximately 5.88%.
While rates have risen, they remain below the 7% threshold, offering relatively favorable borrowing conditions compared to the highs of the past year.
🏗️ New Construction and Affordability
Builder Strategies: To address affordability concerns, builders are reducing the size of their floorplans and limiting luxury options to hold down pricing.
Affordability Challenges: Despite efforts, the median sales price remains well above the affordable range for many families, with a significant disparity between home prices and family incomes.