Earlier this year, the Austin MLS reached the highest number of active listings in history. Even with mortgage rates above 6.5 percent, it has been a buyer’s market.
In July 2025, Austin home prices increased by 2.3% compared to the same month the previous year, selling for a median price of $555,000. On average, homes in Austin sell after 61 days on the market compared to 55 days last year. There were 776 homes sold in July this year, down from 806 last year.
While the Federal Reserve’s short-term rates may decline, overall long-term rates are likely to remain elevated compared to pandemic-era lows. 30-year mortgage rates are projected to remain above 6% through 2025 and into 2026.
| Potential sellers should be prepared; any decrease in mortgage rates could enhance the appeal of their properties and improve buyers’ loan qualifications. The map above illustrates year-over-year median prices, which are finally showing more yellow and orange than any of the previous maps we have shared this year. As of late August 2025, rates have leveled off, with some sources noting they are at their lowest in about 10 months. This is excellent news for buyers and sellers! If you have friends or family considering a move to Austin, we would be delighted to assist them personally. – Mary Lynne Gibbs, 512-431-2403. |
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