The Austin housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Austin currently stands at $586,000. With 5.4 months of supply, Austin's inventory levels remain relatively tight. Homes are taking about 44 days to sell, which is -28 days longer than this time last year. A significant 42.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 5.9% of properties sold above asking price, giving buyers more negotiating power. Based on current market indicators, home prices in Austin are projected to decrease by approximately 20.0% over the next month.