Austin Real Estate Market Update – May 13, 2025
Austin’s housing market update for May 13, 2025, shows continued inventory growth and softening buyer engagement. The MLS reports 16,558 active residential listings, up 21.1% from the same time last year and just 58 listings below the record set one day earlier. Within Austin city limits, active listings total 5,270, reflecting a 24.2% year-over-year increase.
Despite the rise in supply, buyer activity remains limited. The Activity Index has dropped to 23.4%, down 13.6% compared to May 2024. The New Listing to Pending Ratio remains at 0.49, meaning only one in every two new listings is going under contract. This supply-demand imbalance is contributing to a rise in Months of Inventory, now at 5.90 across the region—up 24.3% from last year—and 6.11 in the City of Austin.
New listings so far this year are tracking 18% above average, while pending contracts are 8.2% below their seasonal norms. The median sold price for May is $485,000, a 6.6% increase from May 2024’s $454,995. However, sold transactions per capita are still 33.7% below average, indicating that while prices remain stable, most of the strength is concentrated in select price segments and well-positioned homes.
Scroll down to view the full Austin Daily Real Estate Briefing PDF for May 13, 2025.
Austin Real Estate Market – Frequently Asked Questions
What is the current state of the Austin housing market in May 2025?
As of May 13, 2025, the Austin housing market continues to see elevated inventory levels, with 16,558 active residential listings—up 21.1% year-over-year. Buyer demand is lagging, shown by a New Listing to Pending Ratio of 0.49 and an Activity Index of 23.4%. These indicators suggest rising supply and slower contract activity.
How much housing inventory is available in the City of Austin right now?
The City of Austin has 5,270 active residential listings, a 24.2% increase compared to the same time last year. Months of Inventory in Austin is currently at 6.1, signaling a more balanced or buyer-friendly market environment.
What does a New Listing to Pending Ratio of 0.49 mean for buyers and sellers?
This ratio means only one out of every two new listings is going under contract. It reflects a slower pace of demand relative to supply and often leads to longer market times and increased price competition for sellers.
Is buyer activity increasing or decreasing in the Austin real estate market?
Buyer activity has decreased compared to last year. The Activity Index has dropped to 23.4%, down from 27.0% in May 2024, indicating less engagement from active buyers and fewer pending contracts relative to available listings.
How are Austin home prices trending in May 2025?
The median sold price in the Austin area is $485,000, which represents a 6.6% increase over May 2024’s median of $454,995. Despite increased inventory, prices remain stable—particularly for well-priced, move-in-ready homes in desirable areas.
Have a Question or Want to Dive Deeper?
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