Welcome to this month’s Real Estate Market Update! We’re here to keep you informed with expert insights and the latest trends across Leander, Williamson County, and the greater Austin area. Each update breaks down what’s going on in the market—and why it’s important for you.
Year-Over-Year Market Statistics for Austin-Round Rock-San Marcos for February 2025:
The Median Sales Price dropped by 3.9% to $430,000, while the Average Close To List Price edged down slightly to 93.5% (compared to 93.6% during the same period last year), suggesting that, on average, sellers are receiving 93.5% of their asking price.
At the same time, Closed Sales fell by 6.5%, totaling 1,856 sales. The Average Days On Market rose to 82 days, a modest 1-day increase from February 2024. Months Of Inventory climbed by more than a full month to 5.7 months, pointing toward a more balanced market.
Both New Listings and Active Listings were up year-over-year, reaching 3,826 (a 6.5% increase) and 10,235 (a 16.7% increase), respectively. In contrast, Pending Sales and Closed Sales declined, with Pending Sales down 5.0% to 2,452 and Closed Sales down 6.5% to 1,856.
Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, noted that while elevated mortgage rates and affordability challenges have factored into the decline in sales, sellers are lowering prices to attract buyers, helping to further stabilize the market.
“As affordability remains a key constraint for many first-time homebuyers, the single-family leasing market continues to be a viable alternative. While closed sales have slowed this month, sellers adjusting their pricing strategies to align with market conditions are keeping transactions moving. With inventory levels rising, buyers are regaining leverage, creating a more favorable environment for those who have been waiting for the right moment to purchase. Mortgage rates are expected to remain elevated this year, which may not bring significant relief to buyers, but will provide more predictability, allowing both buyers and sellers to navigate the market with clearer expectations. As we head into the traditionally busy spring homebuying season, increased options and improved pricing flexibility could encourage more buyers to transition from renting to homeownership.”
Month-Over-Month Market Statistics for Austin-Round Rock-San Marcos for February 2025:
Year-Over-Year Market Statistics for Williamson County for February 2025:
In February 2025, the Williamson County housing market continued to adjust as buyers and sellers navigated shifting conditions. A total of 632 residential homes sold, marking an 11.2% decrease compared to February 2024. The median home price dipped slightly to $415,000, down 1.2% year-over-year, suggesting a bit more negotiating power for buyers in today’s market. Despite the lower sales volume, sellers are still securing close to their asking price, with homes selling at 94.1% of the list price, nearly identical to last year.
Inventory levels saw a notable increase, with 1,200 new listings hitting the market—an 11% uptick from last February—and 3,063 active listings overall, representing a 22.2% increase year-over-year. This has pushed months of inventory up to 5.0 months, giving buyers more options and slightly reducing urgency. Pending sales were down 6.6%, and the total dollar volume of homes sold decreased by 13.6%, reflecting the combined effect of fewer transactions and slightly lower prices.
Final Thoughts
Overall, the market appears to be moving toward greater balance between supply and demand, and sellers are finding success when staged, marketed, and priced correctly. 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!