Austin, TX housing market

More than a quarter of homes listed in Austin have already cut their price, and that tells you most of what you need to know about this market right now. The typical home value is about five hundred seventy-nine thousand dollars, down roughly 3.6 percent from a year ago. Meanwhile there are about four thousand nine hundred homes for sale, so buyers have real choice for the first time in a while. Homes are taking around 59 days to sell, and the median list price sits near five hundred sixty-eight thousand dollars, just under the typical value. Put that together and the pattern is clear: sellers who price to last year's expectations end up waiting, then cutting. If you're thinking about selling, price at today's market from day one. A realistic price still sells here. An optimistic one costs you time, then money.