The Austin housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Austin currently stands at $542,700. With 3.9 months of supply, Austin's inventory levels remain relatively tight. Homes are taking about 84 days to sell, which is 10 days longer than this time last year. A significant 22.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 9.9% of properties sold above asking price, giving buyers more negotiating power. With an affordability index of 2.7, Austin offers relatively good value compared to other major markets. Based on current market indicators, home prices in Austin are projected to decrease by approximately 19.9% over the next month.
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