Central Texas Housing Report - October 2025 | Austin Texas Real Estate скачать в хорошем качестве

Central Texas Housing Report - October 2025 | Austin Texas Real Estate

Welcome to the October 2025 edition of "How's the Market in Central Texas.” In September, 1,405 homes closed which was up 18.8% from September 2024. The median price in September declined 2.0% to $460,500. The average price of a home decreased 2.5% to $608,004. The average price per square foot was down 3.1% to $278. The bellweather number we use for pricing in real estate is the median price. The number of available homes in September was 8,228, up 12.7% over last September. During the month, 2,079 new listings hit the market which was up 2.7% from last year. Economically, this makes sense from a supply and demand standpoint – we have more homes for sale, so prices come down. But what about the number of sales increasing? Remember that September sales are often from contracts written in August. During August, mortgage rates were at the lowest points of 2025 (at that time, at least). With a large supply of homes for sale, even a small increase in demand was not enough to stop prices from falling. Back to the stats. The average sales price to list price ratio was 97.8%. For homes that closed in September, the average days on market was 84, up from 71 last year. The September sales ranged from a low of $112,500 to a high of $8,500,000. As expected, the Federal Reserve lowered the Fed Funds rate by a quarter point last month. And, as expected, mortgage rates dropped by a quarter point – No, no they did not. As I mentioned last month, the Fed does not control mortgage rates. In fact, on the day the Fed lowered the Fed Funds rate, mortgage rates increased. We continue to see a 30-year fixed rate mortgage hover a little above 6% plus a discount point, which is an upfront cost. I believe the fact that so many people are predicting that mortgage rates will come down is resulting in buyers lacking motivation. It’s understandable that if you believe rates will drop soon, that, unless you have a compelling reason to buy now, that you would hold off for lower rates. The issue I see is that I personally don’t believe rates are going to fall a lot over the next six months. But if I’m wrong and they do fall a lot, I think it will push prices up. Then you could have a situation in which the monthly payments don’t really change because you have to pay more for a house, but you have a lower rate. Ultimately, everyone’s situation is unique so contact me if you’d like to chat about your situation to determine what might be your best solution. If you have any real estate related questions, please don’t hesitate to call or text me at 512-650-7300 or email me at Craig@RealEstateInAustin.com. I'm Craig Smyser with Fiv Realty. Thanks for watching “How’s The Market in Central Texas.” The stats I’ve cited are resale homes only in Travis and Williamson Counties classified as single family residential, condominium, or townhouse. This is different than the stats released by the Austin Board of Realtors which include all types of homes and also include Hays, Bastrop, and Caldwell Counties. Plus, their numbers include any new construction homes that are listed in the MLS. Craig Smyser, Fiv Realty 512-650-7300 http://www.RealEstateInAustin.com