Is Austin inventory rising or falling?

Active listings in Austin are slightly up compared to last year, which means there are a few more homes available for sale. New homes hitting the market also increased slightly over the past year. Right now, there are 12,083 active listings. This number has gone up by 1.5% compared to the same time last year. This means potential buyers have a little more choice in homes today. Looking at homes newly added to the market, there were 2,926 new listings. This is a 2.1% increase from a year ago. So, the supply of fresh homes arriving on the market has also grown slightly. Even with more homes available, the median time a home sits on the market is 80 days. This has risen by 1.3% over the past year. This suggests homes are taking a tiny bit longer to find a buyer. For those looking to buy or sell, these numbers show a market with a slightly growing inventory. Buyers might have a bit more selection and time, while sellers might need to be patient.

Really, Austin's inventory is holding steady. We aren't seeing a big jump or drop in the number of homes for sale right now. This means buyers don't have significantly more or fewer choices than they did a year ago. sellers are still seeing a similar number of other homes on the market. Looking at active listings, the number of homes for sale is barely up, increasing by just 0.3% over the past year. With 12,517 homes on the market, it’s a very slight increase from what we saw around this time last year. Fewer new homes are coming onto the market, but it's a tiny dip, down 1.2% over the past year. This means sellers aren't rushing to list their homes in greater numbers. There were 2,932 new listings in the most recent month. Homes are also staying on the market for a bit longer, with a median of 73 days, which is up 1.4% from last year. This slightly longer selling time, combined with steady inventory, means homes are moving at a similar pace. For anyone looking to buy or sell, the market isn't seeing huge shifts in inventory levels. Buyers have about the same number of options, and sellers are facing similar levels of competition as they did a year ago.