How long do homes take to sell in Austin?

Homes in Austin are currently taking about two months to sell, specifically 63 days. This is a bit longer than last year, when homes sold faster.

Homes in Austin are currently taking about two months to sell, specifically 63 days. This is a bit longer than last year at this time. On average, homes are staying on the market about 8.7% longer than they did a year ago. This means sales aren't happening as quickly as they used to. Even with homes taking longer to sell, fewer new homes are coming onto the market. New listings are only up slightly by 0.3% over the past year, and the total number of homes for sale is actually down by 5.0%. Buyers have some leverage, as nearly 28% of homes for sale have had their prices reduced. This is a slight decrease from last year, but it still shows that many sellers are willing to drop their asking price. If you're thinking of selling in Austin, be prepared for your home to be on the market for a couple of months. Pricing it right from the start could help it sell closer to the average time.