April housing data reveals decade-high inventory of affordably priced housing
Additional inventory offers relief amid continued economic uncertainty
AUSTIN, Texas— In April, new listings in the Austin-Round Rock-San Marcos MSA rose 11.5% to 5,710 listings, increasing housing inventory to 5.6 months, 1.8 months more than April 2024, according to the latest Central Texas Housing Report released by Unlock MLS. At the same time, home sales fell 13.8% to 2,484 listings while the median sales price dipped 3.2% to $450,000. The data mirrors national trends of declining home sales amid higher mortgage rates and wavering consumer confidence.
Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, noted that the significant increase in housing inventory across the MSA has helped make homeownership more affordable for the standard household.
“Central Texas’s move toward more balanced market conditions mirrors housing market corrections nationwide, underscoring that what is happening in our market isn’t an anomaly. What’s unique to the Central Texas housing market is its supply of affordably priced inventory. Austin was one of the most affordability-constrained markets emerging from the pandemic. Many parts of the country are still supply-constrained, but in April, the Austin area posted the highest inventory level affordable to the standard household since 2012.”
“While this signals progress, especially for first-time homebuyers, significant work remains to improve long-term housing affordability across the region, especially as higher mortgage rates and economic turbulence impact buyer confidence,” Knapp continued.
Brandy Wuensch, 2025 Unlock MLS and ABoR president, provided further insight into current housing market conditions.
“In today’s dynamic market, it’s important for buyers and sellers to work with a professional agent who can help them understand and act on current opportunities. With more affordable inventory available, a trusted agent can guide buyers through options like down payment assistance, financing alternatives and negotiation strategies.”
Wuensch added, “Even with these ongoing market adjustments, Central Texas homes priced competitively are still selling quickly and at or above list price. While the market may feel uncertain, one thing remains clear: homeownership continues to be one of the most powerful tools for building long-term financial stability and creating generational wealth.”
Austin-Round Rock-San Marcos MSA
April 2025 - For Sale
2,484 – Residential homes sold, 13.8% less than April 2024.
$450,000 – Median price for residential homes, 3.2% less than April 2024.
5,710 – New home listings on the market, 11.5% more than April 2024.
13,351 – Active home listings on the market, 19.7% more than April 2024.
3,074 – Pending sales, 1.8% more than April 2024.
5.6 – Months of inventory, 1.8 months more than April 2024.
$1,480,662,458 – Total dollar volume of homes sold, 14.3% less than April 2024.
95.2% – Average close to list price, compared to 95.7% in April 2024.
