Buyers got louder.
Sellers got quieter.
What's actually happening in Austin real estate this month : and what it means if you're buying, selling, or just keeping score.
Who has leverage right now
A single read on power dynamics across the Austin metro.
That 3% = your negotiation room.
Buyers are coming — but carefully.
Five numbers that matter
Tap any metric for the story behind it.
Three things worth knowing right now
Buyers are getting off the sidelines
Pending contracts hit 4,474 in March — the biggest spring surge since 2022. Buyers who spent 2025 watching are starting to move. At the same time, 47.5% of active listings have had at least one price reduction — sellers are meeting the market. Both sides are finally moving in the same direction.
The close-to-list ratio is where the real story lives
Homes are closing at about 97 cents on the dollar. That 3% spread is real negotiation territory : credits, repairs, rate buydowns, closing cost help. It's tighter than it was in 2025. The person who knows their comps wins.
The rental market flipped — and most people missed it
Austin's median rent dropped to $1,357 — down 7% year-over-year and now below the national average for the first time. That's 120,000 units added since 2015 finally hitting the market all at once. If your lease is coming up, don't auto-renew without a conversation first.
County-by-county breakdown
What's happening in your area. Tap a county.
Travis is active but patient. Buyers are selective — the gap between sitting and sold comes down to prep and pricing. Inside city limits absorbing faster than the broader metro.
Months of Inventory: 5.33 (down from 5.98 — tightening)
Price Reductions: 47.5% of active listings
Pending YoY: +6.9%
Haus take: City of Austin MOI fell 10.9% YoY while surrounding metro rose — demand inside the city is absorbing supply faster.
Tightest market in the metro at 4.4 months of supply — balanced territory leaning slightly toward sellers. New construction competing hard with resale.
Cedar Park: Up 2.1% YoY
Hutto: 4.7 months — balanced
Haus take: Round Rock and Cedar Park are the most liquid sub-markets. Builders are offering aggressive incentives — resale sellers need to compete on terms.
Buyer-friendly territory. Longer timelines and more negotiation room. Kyle, Buda, and San Marcos moving faster than Dripping Springs — affordability is driving velocity.
Buda: 5.9 months : balanced
San Marcos: 7.6 : buyer's market
Dripping Springs: 7.9 : buyer's market
Haus take: Sub-markets below $400K are moving fastest. The $300-375K range is one of the most active price bands in the metro.
Most buyer-friendly county in the metro — longest timelines, biggest negotiation room, most flexibility on terms.
List-to-Sale: 91.2% : homes closing nearly 9% below list
Haus take: The 91.2% close-to-list is the biggest discount in the metro. Buyers willing to drive further get the most negotiating room in Central Texas.
Tell us where you're looking and we'll pull the March numbers for your specific area.
Pick your situation
Everything below is the same data : but this changes how we frame it.
Pending sales up 6.9%, inventory tightening inside city limits. The 97% close-to-list still gives you negotiation room but that spread shrank from 5% to 3% in two months. Buyers who move now with pre-approval and a clear strategy are getting the best deals.
Nearly half of all active listings have had to cut their price. The homes that sell aren't the ones that wait. They're prepped, priced, and marketed to today's buyer. Overpriced listings are sitting 3x longer than correctly priced ones.
Austin rents are down 7% YoY. Meanwhile, the 3% negotiation spread on home prices means you could buy at a discount that covers your first year of appreciation. Breakeven on buying vs. renting is now under 3 years in most zip codes.
The single most important number to watch is months of inventory. It's at 5.33 months and tightening. Below 4, sellers gain leverage fast. Above 6, buyers control. We'll tell you when it crosses either line.
Want to know what is happening in your area?
Tell us your neighborhood or zip and we will send a snapshot of what is selling and what it means for you.
