🌸 March Madness & Market Moves! 🏀💼

Hey there, Austin friends! 🌷 Spring Break is here, March Madness is in full swing, and the real estate market is keeping us on our toes! 🏡✨ February brought continued stabilization, though higher interest rates kept some buyers on the sidelines. Let’s break it all down so you can make the best move this season! ⬇️

📊 Austin Market Snapshot: February 2025

🔻 Total Sales: Down 15.9% YoY 📉
🔻 Pending Sales: Dropped 12.4% YoY 🏡
📌 New Listings: Nearly flat, down 1.8% 🏠
📈 Active Listings: Up 13.7%—more options for buyers!
💰 Avg. Sold Price: Up 2.5% to $566K 💵
🔻 Median Sold Price: Down 2.7% to $428K 📉
⏳ Days on Market: 98 days on average—up 46.3% 🕰️
🏠 Months of Inventory: 5.1 months, leaning toward a buyer-friendly market.

🎯 What does this mean? Prices are steady, but demand is slower. Buyers have more choices, but homes are taking longer to sell.

💰 Pricing Trends: Steady as She Goes

Over the past 18 months, home prices in Austin have stayed relatively stable. February’s 2.5% increase in average price but 2.7% decline in median price suggests a balanced market with no extreme swings.

🔄 Market Demand: Slow but Seasonal

📉 Pending sales are still lower than last year but slightly up from January.
🏡 New listings are holding steady, so we’re not seeing an inventory surge.
✅ Buyers have more options, but competition isn’t as fierce as it used to be.

📉 Mortgage Rates & Consumer Confidence

📌 Mortgage Rates: After climbing above 7%, rates have dipped to 6.7%—good news for buyers!
😟 Consumer Confidence: Economic uncertainty is keeping some buyers hesitant.

💡 If rates keep dropping, expect more buyers to re-enter the market!

💼 Austin Job Market: Still in a Hiring Freeze

Tech hiring in Austin has been slow for over two years, which impacts demand. Until companies start hiring again, we may not see a major surge in home sales.

🤔 What Should You Do?

📌 If You’re a Buyer:
✅ More inventory = More choices!
✅ Less competition right now, but that could change in spring.
✅ Mortgage rates are dipping—it might be a good time to act!

📌 If You’re a Seller:
✅ Spring is prime time for listing, but strategic pricing is key.
✅ Homes are sitting longer (98 days on average), so be realistic on pricing.
✅ Well-presented homes still sell—staging & curb appeal matter!

📢 Thinking About Buying or Selling? Let’s Talk!

🏡 Whether you’re ready to list or looking for the perfect home, I’ve got you covered! Let’s strategize so you can make the most of the current market.

📲 Call or text me today!
📧 [Your Contact Info Here]
📍 Sean Harden Realty | Greater Austin, TX

#AustinRealEstate #MarketUpdate #SpringHomeBuying #HousingTrends #HomeSellingTips