A report from Parcl Labs forecasts a continued decline in housing prices in Austin, Texas, driven by increased construction and easing migration trends. The Austin metro's housing market faces a significant supply-demand imbalance, with a record increase in new listings and a median home price drop of over 6%. In April 2025, Austin's absorption rate was 0.216, considerably lower than the national rate of 0.423, indicating weak demand. Consequently, around 45% of listings in the area featured price cuts as sellers adjusted to the market's slowing trends.
A new report projects a continual decline in housing prices in Austin, despite remaining above pre-pandemic levels, due to increased housing availability and eased migration trends.
Austin’s median home prices dropped more than 6% from May 2024 to May 2025, marking the largest annual price drop in the nation amid heightened new listings.
The Austin metro’s absorption rate in April 2025 was 0.216, about half of the national average, indicating a significant decrease in real estate demand within the city.
Parcl Labs found that almost 45% of Austin-area listings experienced price cuts, reflecting a growing trend among sellers to adjust prices in a slowed market.
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