MARKET SUMMARY

Sales Activity: April saw a 14.3% year-over-year decline in total units sold, indicating a slowdown in buyer activity.

Pricing Trends: Despite the dip in sales volume, average and median home prices remained stable, with only slight softening observed.

Inventory Levels: New listings have increased, leading to higher inventory and offering more choices for buyers.

ECONOMIC HIGHLIGHTS

Job Market: Austin's unemployment rate remains low, and job growth continues, particularly in sectors like construction and government.

Business Expansions: Several companies are investing in the region, including:

 • Samsung: Announced a $45 billion expansion in Central Texas, bolstering the semiconductor industry. KEYE

 • AMD: Planning a $163 million expansion in Austin, enhancing their local presence. MySA

 • T1 Energy: Developing an $850 million solar manufacturing facility in Rockdale, creating up to 1,800 jobs. Chron

Retail Growth: H-E-B is investing $13 million to remodel and expand its store in Austin's University Hills neighborhood, reflecting confidence in the local market. MySA

LOOKING AHEAD

While the market faces challenges, such as affordability concerns and shifting buyer dynamics, Austin's economic resilience and ongoing investments suggest a positive long-term outlook. For buyers, increased inventory and stable prices present opportunities. Sellers should focus on strategic pricing and property presentation to attract discerning buyers.