How long do homes take to sell in Austin?

Really good question! In Austin, homes are typically selling in about 73 days right now.

Homes in Austin-Round Rock-San Marcos currently take about 73 days to sell. This is just slightly longer than the same time last year. When a home stays on the market for 73 days, it means that half of all homes sell faster than that, and half sell slower. This number has gone up a little, by 1.4%, compared to last year. There are 12,517 homes actively for sale right now, which is about the same as last year. While there are a lot of options for buyers, new homes are still coming onto the market, with 2,932 new listings recently, a slight increase of 1.2% year-over-year. To help homes sell, almost 28% of sellers have dropped their prices. This can be a strategy to attract buyers and shorten the time a home spends on the market. If you are looking to buy or sell, be prepared for homes to spend just over two months on the market. Pricing your home right from the start can be key to a quicker sale.

Right now, homes in Austin are typically on the market for 73 days before going under contract. This means it takes a little over two months for a house to find a buyer. That 73-day mark is slightly longer than it was a year ago, increasing by 1.4% over the past year. So, homes are sitting just a bit longer compared to the previous year. There are 12,517 active listings available, which is about the same as last year, showing a small increase of 0.3%. Even with new listings rising slightly by 1.2% to 2,932, the total number of homes for sale has remained steady. Also, almost 28% of homes for sale have had their prices reduced. This suggests some sellers are adjusting their expectations to attract buyers. If you're selling, be prepared for your home to be on the market for a couple of months. If you're buying, this means you might have more time to look at properties.