According to the latest Central Texas Housing Report released by Unlock MLS, residential home sales in the Austin-Round Rock-San Marcos MSA declined by 9.1% in the first quarter of 2025 compared to the same period in 2024. The report indicates that 6,698 homes were sold, with a median sales price decrease of 2.3% to $429,869. Housing inventory increased to 5.3 months, suggesting a shift towards more balanced market conditions.
March sales activity significantly influenced quarterly figures, showing a 9.3% drop in sales while new listings rose by 9.5%. The median sales price remained stable year-over-year.
Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS, highlighted affordability issues and economic challenges as key factors affecting early-year market trends. “We started the year with a continuation of similar trends that shaped the market in 2024,” Knapp said. “However, stubbornly high mortgage rates and a weaker local labor market weighed on buyer confidence.”
Brandy Wuensch, president of Unlock MLS and ABoR for 2025, noted that current conditions allow buyers more time to consider their options carefully. “With a wider range of listings to choose from, buyers are using this time to evaluate their choices,” Wuensch said.
The report also detailed changes in active listings and inventory levels across various counties within the region. For instance, Travis County saw an increase in active home listings by 18.6%, while Williamson County experienced a rise of 26.3%.
For more detailed statistics or to download the full report, visit UnlockMLS.com/Stats.
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