Is now a good time to sell my home in Austin?

Right now, selling your home in Austin might be a bit challenging, as prices have been going down. The median listing price is $473,500, which is nearly 10% lower than it was a year ago. Sellers are also having to reduce their prices more often. Around 27.6% of homes have had a price reduction, though that is slightly less common than last year. Your home may also take longer to sell. Homes are staying on the market for 63 days, which is almost a week longer than last year. There are 12,456 active listings, but compared to the number of homes going under contract, there are still fewer buyers for each home. This means buyers have more options to choose from. Consider if waiting to sell might be a better option when the market becomes more favorable for sellers.