Is Austin inventory rising or falling?

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.

Really, Austin's housing inventory is holding steady. The number of homes for sale right now is very close to what it was at this time last year. It has slightly increased, but not significantly.