The Austin housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Austin currently stands at $217,500. With 21 active listings, inventory is 110% higher than seasonal norms. Homes are taking about 47 days to sell, which is -33 days longer than this time last year. A significant 23.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 28.6% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Austin market with the affordability index at 338.8. Looking ahead, the Austin market is expected to maintain its current trajectory with relatively stable conditions.