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Home Prices in Austin Set to Drop 16.5%

7/15/2025

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Summary

Story summary

Austin, Texas, anticipates a 16.5% decline in home prices over the next year, per Parcl Labs.
The median home price decreased to $557,500 in May, reflecting a 5% drop from last year.
Home sales have fallen by 12.1%, indicating a cooling market.
Rising inventory and extended market times are creating better conditions for buyers.
Experts view these price adjustments as a necessary correction post-pandemic housing surge.

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Story summary

Austin, Texas, anticipates a 16.5% decline in home prices over the next year, per Parcl Labs.
The median home price decreased to $557,500 in May, reflecting a 5% drop from last year.
Home sales have fallen by 12.1%, indicating a cooling market.
Rising inventory and extended market times are creating better conditions for buyers.
Experts view these price adjustments as a necessary correction post-pandemic housing surge.