How long do homes take to sell in Austin?

In Austin, homes are taking about 56 days to sell right now. This is a bit longer than last year. Specifically, homes are sitting on the market for about 56 days. This is 21.7% more time compared to this time last year. So, things are slowing down a bit. Even with this change, the median listing price is holding steady at $475,000 this month. It hasn't changed since last month, though it is down 9.5% from a year ago. This suggests that while homes are taking longer to sell, prices aren't really dropping further right now. There are fewer homes coming on the market, too. New listings are down by 13.2% compared to last year. This means sellers might be hesitating, which could help keep the total number of homes for sale from getting too high, even if they sit longer. For sellers, this means you should be prepared for your home to be on the market for a couple of months. Buyers, you might have a bit more time to make a decision.