"Additional inventory offers relief amid continued economic uncertainty"

In April, new listings in the Austin-Round Rock-San Marcos MSA rose 11.5% to 5,710 listings, increasing housing inventory to 5.6 months, 1.8 months more than April 2024, according to the latest Central Texas Housing Report released by Unlock MLS. At the same time, home sales fell 13.8% to 2,484 listings while the median sales price dipped 3.2% to $450,000. The data mirrors national trends of declining home sales amid higher mortgage rates and wavering consumer confidence.

The Texas mortgage interest rate on May 20, 2025 is up 2 basis points from last week's average Texas rate of 6.98%.

Additionally, the current average 15-year fixed mortgage rate in Texas increased 1 basis point from 6.05% to 6.06% and the current average 5-year ARM mortgage rate is up 2 basis points from 7.88% to 7.90%.

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Pfau & Company, Inc. | Jon Pfau Broker 0417838 | CJ Pfau Broker 0480001
POB 522, Bertram, TX 78605
Mobile: 512-635-0232
jonpfau@pfaurealestate.com

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This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.