How long do homes take to sell in Austin?

Really, a home in Austin takes about 80 days to sell right now. This is how long properties typically stay on the market before finding a buyer. It's a little longer than it was at this time last year. Eighty days means that sellers should expect their home to be listed for just over two and a half months on average. This figure is up slightly by 1.3% compared to how long homes were selling over the past year. Even with homes staying on the market a bit longer, prices are still strong but have softened. The median listing price is $446,450, which is down almost 10% from last year. Sellers might see more competition, as active listings are up slightly by 1.5% over the past year, meaning there are more homes for buyers to choose from. Almost a third of homes, 27.3%, have had their prices reduced. If you're thinking about selling, be prepared for your home to be listed for a few months, and make sure your pricing strategy is competitive from the start.

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.