Is Austin inventory rising or falling?

Austin's housing inventory is falling. While there are 11,974 active listings, new homes coming on the market have slowed down significantly. Right now, there are 4,084 new listings. That's 13.2% fewer homes than this time last year. This creates less choice for people looking to buy. The total number of homes for sale, at 11,974, is also lower than last year, down by 4.4%. This means that fewer homes are available overall compared to a year ago. With fewer new homes appearing and the total inventory shrinking, homes are staying on the market longer. The typical home now sits for 56 days, which is 21.7% longer than last year. If you're looking to buy in Austin, expect fewer options and a bit more time for homes to sell. Being ready to act when the right home appears is a good idea.