Are there a lot of new construction homes in Austin?

Austin has seen fewer new homes listed lately. In May, 4,084 new homes came on the market, which is a drop compared to last year. This means that fewer homes were added for sale this year compared to the same time last year. New listings, which include newly built homes, went down by 13.2% year-over-year. Even with fewer new homes, there are still quite a few homes for sale in total. There were almost 12,000 active listings in May. However, this number is slightly lower than last year, down by 4.4%. Homes are also staying on the market longer. The typical home was listed for 56 days before getting an offer, which is 21.7% more time than last year. This suggests that even with fewer new listings, buyers have more time to choose. If you're looking for a newly built home, you might have fewer options to pick from right now. But overall, there are still many homes for sale, and they are taking longer to sell, which could work in your favor as a buyer.