""Central Texas home sales decline in the first quarter amid economic uncertainty in continued high-rate environment"

According to the 2025-Q1 Central Texas Housing Report released by Unlock MLS, residential home sales across the Austin-Round Rock-San Marcos MSA declined to 6,698 listings, a 9.1% drop from the first quarter of 2024. During the same time frame, median sales price dipped 2.3% to $429,869 while housing inventory reached 5.3 months, moving the region closer into balanced housing market conditions. Quarterly numbers were strongly impacted by March 2025 sales activity, during which the five-county MSA experienced 9.3% fewer sales, gained 9.5% new listings and median sales price remained flat year-over-year.

As we all know by now, affordability constraints as well as growing economic headwinds are the key factors shaping early-year market activity.

The current average 30-year fixed mortgage rate in Texas increased 2 basis points from 7.02% to 7.04%. Texas mortgage rates today are 2 basis points lower than the national average rate of 7.06%. The Texas mortgage interest rate on April 22, 2025 is up 10 basis points from last week's average Texas rate of 6.94%.

Additionally, the current average 15-year fixed mortgage rate in Texas increased 5 basis points from 6.17% to 6.22% and the current average 5-year ARM mortgage rate is up 3 basis points from 7.72% to 7.75%.