January data suggests the market is beginning the year with renewed buyer activity, even as closings lagged year-ago levels. Closed sales were down 14.8% but pending sales rose 10.1% year over year to 2,349 transactions — up more than 23% from December — according to data from the area’s multiple listing service. The median home price was $400,495, down 2.3%, while active listings totaled 10,083, up 2.3%. Months of inventory came in at 4.0, down 1.4 months year over year. O’Grady described the data as reflective of a market that has moved out of an overheated phase and into one where supply, pricing and demand are interacting more predictably.
Full article here: Austin housing’s welcome mat for cautious optimism in 2026
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