Here are the August/2025 MLS single-family statistics for Austin, TX:
August ended our traditional annual home selling season with some positive numbers. For instance:
- While still up over last year, listings had its 2nd best number of this year and the first under 20% since January.
- Pending listings continued the positive trend of 4 months in a row after registering the 1st 4 months of this year in the red territory. Remember, a pending listing is one that is under purchase contract by a buyer but not yet closed. It is the first and best indicator of the direction of a real estate market.
- Home sales were up last month by 3% and sales have been in the green category 2 of the past 3 months. Sales is the 2nd indicator of the health of a real estate market since they can only occur after a listing goes pending.
- Median and Average home sales prices for homes sold were up 2% and 3% respectively. While prices haven’t grown this year like they did during our crazy Covid years, they are trending in the right direction this year. You can see this clearly using data from each August for the past 5 years, below:
- For days on market and activity index, we were slightly worse on DOM and a little better on AI for August than we were with our YTD averages.
The ¼ point interest rate drop the Fed took this past Wednesday will have a positive impact on our real estate market by giving a measure of hope that there will be more cuts coming. Getting mortgage rates down will help home buyers better afford the monthly mortgage payment. In the meantime, the positive action by our Fed removes some of the dark cloud that has formed over the last few years and, I believe, will spur more optimism in our home sales market. After the drastic effects of the Fed rapidly raising interest rates beginning in Feb/2022 killed our incredibly robust market after Covid, we can sure use some good news!
(512) 853-0110 or robert@AustinTxHomeSales.com
