What are mortgage rates doing in Austin?

There's no information about mortgage rates in Austin. But I can tell you about home prices, how many homes are for sale, and how fast they're selling. This information is for May 2026. The median listing price in Austin is $475,000. It hasn't changed from last month but is 9.5% lower than last year. There are 11,974 homes for sale, which is 4.4% fewer than there were last year. People are taking longer to sell their homes. On average, a home stays on the market for 56 days, which is 21.7% longer than last year. About 26.8% of homes have had a price drop, which is a little less than last year. In short, prices are down from last year, and homes are selling more slowly, even though there are slightly fewer homes on the market. If you are looking to buy, you might have more time to decide and might even see some price reductions.