Is Austin a good place to relocate to?

Austin might be a good place to relocate if you're looking for more options as a buyer. The typical home is listed for $475,000, which is the same as last month. Prices are lower today than a year ago. There are 11,974 active listings, which is less than last year. However, fewer new homes are hitting the market. This past month saw 4,084 new listings, a drop of 13.2% from last year. Homes are taking a bit longer to sell than last year, now sitting on the market for 56 days. Also, about one-quarter of homes, or 26.8%, had their prices reduced. Even with fewer new homes, the market is seeing a solid number of pending listings, with 4,367 homes under contract. This means homes are still attracting buyers, despite prices being down and homes taking longer to sell. If you're thinking about moving to Austin, you'll find homes are generally more affordable than last year. But be prepared for a bit more competition as homes are still getting snatched up, even with a longer time on the market. Weigh your options carefully based on what kind of home you're looking for and your budget.