Team Price Inc.

We have 16,991 active listings right now, down 2.2% from a year ago and 1,155 below the June 2025 peak of 18,146. So supply is still high, but it has stopped climbing.

More than half of all active listings, 51.3%, have already cut their price at least once. And the pace of actual closings remains slow by historical standards, with an absorption rate of just 17.06% against a long run average of 31.35%. Inventory is easing, but it is not tight.

https://teamprice.com/austin-daily-real-estate-briefing/2026-05-29

Austin housing update May 28 2026. City of Austin just lost 16% of its active listings in a year. 5,840 homes down to 4,905. Months of inventory dropped from 6.06 to 4.86. Full report: https://teamprice.com/market-update/2026/may28

Austin residential market activity through May 25: new listings are down 4.7% YoY, pending contracts are up 3.3% YoY, and the pending-to-new ratio has improved to 0.85. Buyer demand continues to absorb a larger share of incoming inventory compared to last year, supporting stronger market absorption trends across the Austin area.