Are there a lot of new construction homes in Austin?

There are not very many brand new construction homes in Austin right now. The number of new homes coming on the market has hardly changed over the past year. Only 3,926 new homes were listed in the most recent month. This number is practically the same as it was over the past year, with a very small increase of just 0.3% year-over-year. Compare this to the 12,456 total homes currently for sale. This shows that most of the available homes are not new construction. Homes are also staying on the market longer, with a median of 63 days until sale. This is almost 9% longer than last year, suggesting that even with limited new inventory, homes aren't flying off the shelves. If you're looking for a new build, you might have fewer choices. Be prepared to potentially look at homes that have been on the market for a bit longer.

You're looking for new construction homes, and the data tells us that fewer new homes are hitting the market in Austin right now. There were 4,084 new listings in the most recent month, which is 13.3% lower than last year. This drop in new listings means fewer brand-new homes are available for sale compared to the same time a year ago. It's a significant change, making it a bit more challenging to find a newly built home. Overall, the total number of homes for sale is 11,974. While that might seem like a lot, new listings specifically are down. This means you might see more existing homes on the market and fewer brand-new ones. Homes in Austin are also staying on the market longer, with a median of 56 days. This is 21.7% longer than last year, suggesting homes generally aren't selling as quickly as they used to. For you as a buyer, this means you might have to broaden your search if new construction is your main focus. Be prepared to look at more options and explore homes that have been on the market for a bit longer.