America's Housing Market.
Measured.

Analyst commentary

Austin continues to favor buyers, with a pending ratio of 0.36, keeping the market below the balanced-market threshold. Median listing prices fell 9.5% year over year to $475,000, one of the steeper declines among major metros. Active inventory remains elevated at nearly 12,000 listings, even after declining 4.4% from a year ago, while homes are taking longer to sell, with median days on market rising 21.7% to 56 days. Pending sales activity has improved modestly, but demand has not yet been strong enough to shift the market back toward balance.