As we step into 2025, the Austin real estate market is showing promising signs of growth and stability. December closed out 2024 on a relatively positive note, with steady pricing and balanced market conditions. Let's dive into the key trends and what we're expecting for 2025!
Key Highlights:
- Total Sales: Increased by 4.1% YoY, reflecting solid demand despite economic headwinds.
- Pending Sales: Declined slightly (-2.1% YoY), but remained stable overall.
- Active Listings: Rose by 7%, keeping Months of Inventory (MOI) balanced at 4.0.
- Pricing Stability: Average Sold Price climbed 4.2% YoY to $575,000, while the Median Sold Price saw a modest increase of 1.4% to $449,000.
- New & Expired/Withdrawn Listings: New listings increased (8.8% YoY), while Withdrawn/Expired Listings increased by 9.5%.
Pricing Summary
The Austin Metro market has maintained pricing stability over the past year, with modest growth in both average and median prices. This reflects a steady demand base, even as higher mortgage rates continue to impact affordability.
Pending Units by Month
Seasonality played a significant role in December, with pending units hitting their lowest levels of the year, as is typical during the holiday season. However, we anticipate a strong rebound heading into spring.
Market Volume
Sales volume saw a nice boost in December, up 8.5% YoY, despite being down slightly for the year (-1.4% YoY). This indicates a resilient market heading into 2025.
Broader Economic Indicators
Jobs and mortgage rates remain critical drivers of the housing market. While tech hiring remains sluggish, the rate of decline in job postings has slowed, offering hope for stabilization in 2025. Meanwhile, mortgage rates continue to hover around 7%, which has kept some buyers on the sidelines.
If You're a Buyer
It's a great time to prepare for the spring market! Pricing has stabilized, and while rates remain high, we expect gradual improvements later this year. If rates drop into the mid-6% range, buyer competition will intensify.
If You're a Seller
The market is entering its prime selling season. With inventory levels balanced, preparing your property and pricing it competitively will be key. If you've been holding off on selling, now is the time to strategize for a successful spring or summer sale.
Closing Thoughts
Always remember that real estate is hyperlocal and hypersituational. Whether you're buying or selling, our team is here to help you navigate the Austin Metro market and make the most of your opportunities. If we can help with your home or property—or if you'd like to strategize your specific situation—please reach out.
Thank you!
Eric Bramlett
Broker | Bramlett Partners
512.289.1161 m
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Bramlett Residential - 6850 Austin Center Blvd Austin, TX 78731 United States
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