The first week of March has solidified a trend of “normalization” in the Austin-Area MLS. Buyers currently hold significant negotiating power as inventory continues to build.
Inventory & Pricing: Active residential listings have climbed to 13,747, an 8.5% increase year-over-year. While the median sold price across the broader metro has softened slightly to $405,000 (down 2.4% year-over-year), the City of Austin’s urban core remains resilient, with median list prices actually edging up 1.3% to $572,450.+1Negotiation Trends: Approximately 68.5% of homes sold this past week closed below list price, with sellers accepting an average of 3% below asking.Middle-Class Shift: A new study released this week by SmartAsset revealed that the income threshold to be considered “middle class” in Austin has actually dipped slightly to a range of $60,287–$180,860, reflecting broader economic shifts in the region’s demographic makeup. New Developments & Subdivisions
New construction is currently outperforming the resale market in