The Austin residential real estate market continues to evolve, shaped by economic shifts, rising inventory, and changes in buyer demand. Using data from the Austin Board of Realtors (ABoR), let’s take a closer look at how the market performed in July 2025 compared to the same month last year and two years ago, and what the longer-term trends reveal.
Year-over-Year Comparison Median Sales Price: July 2025: $435,000 July 2024: $450,000 July 2023: $462,000 Prices have declined steadily, down 3.3% year-over-year and 5.8% over two years, signaling ongoing affordability pressures and softer buyer demand. Closed Sales: July 2025: 2,492 July 2024: 2,652 July 2023: 2,815 Sales activity continues to cool, with a 6% decline from last year and an 11.5% drop from two years ago, showing fewer buyers are closing deals despite growing inventory. Months of Inventory: July 2025: 6.1 months July 2024: 5.1 months July 2023: 3.7 months Inventory