Welcome to our latest Real Estate Market Update! Each month, we bring you insightful analysis and updates on Leander, Williamson County, and the greater Austin-area real estate market, breaking down what’s happening and why it matters to you.
Year-Over-Year Market Statistics for Austin-Round Rock-San Marcos for January 2025:
In January, closed sales across the Austin-Round Rock-San Marcos MSA saw a modest year-over-year increase of 1.1% to 1,761 sales, according to the latest Central Texas Housing Report released by Unlock MLS. While affordability challenges and shifting inventory continue to shape the market, the rise in active listings—up 16.5% from last year—indicates increased opportunities for buyers.
Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, noted that while mortgage rates remain a concern, the increase in available homes provides more options for buyers at various price points.
“Market conditions are evolving, and with home prices adjusting slightly downward, buyers have more opportunities to find homes that fit their budget. Increased inventory levels create a more balanced market, which benefits both buyers and sellers as they make informed decisions about their real estate investments,” Knapp said.
Brandy Wuensch, 2025 Unlock MLS and ABoR president, emphasized that understanding the latest housing data is crucial for buyers and sellers navigating today’s market.
“Unlock MLS is committed to providing transparent, data-driven insights to help buyers and sellers make the best choices. Whether purchasing, selling, or planning for the future, working with an Unlock MLS agent ensures access to the most accurate market information,” Wuensch said.
Month-Over-Month Market Statistics for Austin-Round Rock-San Marcos for January 2025:
Year-Over-Year Market Statistics for Williamson County for January 2025:
That’s great, but what does all this mean for home sellers and home buyers?
What This Means for Sellers
- Increased Competition: A rise in inventory means sellers must price their homes competitively and ensure they stand out to attract buyers.
- Slightly Lower Prices: With a 4.7% decline in median home prices, sellers may need to adjust expectations while still benefiting from historically strong home value growth.
- Strategic Pricing is Key: Homes are closing at an average of 92.3% of the list price, slightly higher than last year, signaling that competitively priced homes are still in demand.
- Market is Still Active: Despite changes, buyers are engaging in the market, and with the right strategy, sellers can successfully close deals.
What This Means for Buyers
- More Inventory, More Options: With a 16.5% increase in active listings and 20.6% more new listings than last year, buyers have a wider selection of homes to choose from.
- Slight Price Adjustments: The median home price decreased by 4.7% to $409,765, providing potential cost savings.
- Negotiation Power: With 5.6 months of inventory (a 0.9-month increase), the market is moving toward balance, giving buyers stronger negotiation leverage.
- Interest Rate Considerations: While mortgage rates remain a factor, today’s market conditions may allow buyers to secure a home at a lower price before demand increases again.
As we step into the spring season, we remain committed to supporting you—whether you’re buying or selling. We’ll keep you informed on local market trends and are always available to answer your questions.
Final Thoughts
Have questions about the current market in Leander and/or the greater Austin area? Thinking about selling or buying a home? Reach out to us today, and let’s talk about how we can help you achieve your goals. We’re always here to support you. Contact The Cummings Team® today!