🏡💘 February Market Update – Happy Valentine’s from Sean Harden Realty! 💘🏡
Love is in the air, and so is the fresh energy of the 2025 real estate market! ❤️ Whether you're buying or selling, now is the time to start preparing for the busy spring season. Let's dive into what’s ahead, and take a look at how January shaped up….
💡 January Market Highlights: Shifting Trends in Supply & Demand
📈 Total Sales increased +2.4% YOY – demand remains steady!
🏠 New Listings surged +20.3% – buyers have more options than last year!
🔻 Pending Sales declined -12.1% – demand is cooling slightly in the short term.
💰 Median Sold Price dropped -4.9% – price adjustments are happening.
📦 Months of Inventory rose to 4.7 months – the market is balancing out.
📊 Pricing & Sales Trends
While overall sales ticked up, pricing softened a bit:
💵 Average Sold Price: $536,000 (-1.1% YOY)
🏡 Median Sold Price: $409,000 (-4.9% YOY)
This suggests a shift in the types of homes selling—likely more activity in lower-priced segments. Even with slight price declines, total sales volume still grew 1.25%, reaching $965.87 million. The market remains active! 🔥
🏡 New Listings & Buyer Activity
🆕 3,740 new homes hit the market in January (+20.3% YOY).
❌ Pending sales dropped -12.1%, meaning some new listings aren't selling as fast.
Historically, March-May is peak selling season—if mortgage rates dip, expect buyer activity to rebound.
💰 Mortgage Rates & Austin’s Job Market
🏦 Mortgage rates have hovered above 7%, keeping some buyers cautious.
👨💻 Job postings in Austin are down 18% YOY, particularly in tech. Until hiring rebounds, buyer demand may grow more gradually.
🔑 What This Means for You
📍 If You’re a Buyer: ✔ More listings mean more choices! ✔ With sellers adjusting pricing, you might negotiate a great deal. ✔ If mortgage rates drop, expect competition to heat up—acting now could be smart.
📍 If You’re a Seller: ✔ Buyers are out there, but pricing strategy is key! ✔ With inventory rising, homes need to be well-prepared and competitively priced. ✔ The March-May window is prime time to sell—let’s get you ready! 📅
