What is the rental market like in Austin?

I can tell you about the housing market in Austin, not the rental market, based on the numbers I have. Right now, the median home listing price is $446,450. This price is a bit lower than last month and notably down compared to a year ago. There are currently 12,083 homes for sale, which is a slight increase from last year. This means there are more options for buyers compared to the previous year. Homes are staying on the market for about 80 days before they find a buyer. This is a little longer than homes were taking to sell at this time last year. About 27.3% of homes have had their price reduced. This indicates that many sellers are adjusting their prices to attract buyers. For those looking to buy, the median price per square foot is $228. This is less expensive than it was over the past year. Buyers have a good selection of homes available, and prices are generally lower than they were a year ago. This could be a good time to consider making a move.

I'm sorry, but the data provided describes the housing sales market, not the rental market. I cannot answer your question about the Austin rental market with the available information.