š” Austin Real Estate Market Update
The Austin, Texas real estate market remains steady but tilting toward buyers entering holiday-season rhythm. In October, the metro median home price hovered around $540 K, nearly flat year-over-year, with the city average at about $540K as well. Homes are taking a bit longer to sell — roughly 89 days on market — signaling a shift to more balanced conditions. Inventory sits around 5.9 months of supply, giving buyers more leverage while sellers should focus on pricing and presentation.
š On the financing side, the average 30-year fixed mortgage rate in the U.S. is roughly 6.24%, with Texas specific 30-year fixed rates around 6.13% as of mid-November. For Austin home buyers, these rates remain elevated compared to the pandemic low era, but they’re more manageable than the near-7% peaks, making now a viable time to act if ready.
š Austin Events & Festivals
• The city’s “Oh What Fun! Holiday Market” begins Nov 20 and runs through December in downtown Austin — a great draw for locals, families and out-of-town guests.
• Free & fun picks from Nov 21–23 include “Turkey Trails Austin” and “Mozart’s Festival of Lights” — perfect for showcasing Austin’s vibrant lifestyle to current or prospective homeowners.
Austin Market Takeaway
Buyers now have more options and room to negotiate. Sellers should expect longer days on market and may need small refreshes to stand out. Austin remains a strong, attractive market overall.
