Austin Housing Market: Median List Price Falls 2.0% YoY.

• Time on market grew by 4 days, nearly two years of slowing sales pace. • Median list price fell 2.0% year-over-year. • Inventory grew for 28th consecutive month of year-over-year gains. • New listings grew 2.4% year-over-year.

The U.S. housing market in early 2026 continues to show signs of rebalancing, with inventory growth, slowing sales pace, and modest price adjustments shaping buyer and seller dynamics. According to Realtor.com®'s February 2026 report, the median time on market increased by four days year-over-year to 70 days, marking nearly two years of declining sales velocity. This trend reflects a market still adjusting to post-pandemic conditions, with homes taking longer to sell despite improved inventory levels.

The median list price fell 2.1% year-over-year to $403,450, signaling a moderation in price growth after years of volatility. Regional disparities persist, with the South and West experiencing steeper declines (-1.7% and -2.2%, respectively) compared to the Midwest and Northeast, where price changes were minimal or flat. Meanwhile, inventory expanded for the 28th consecutive month, with active listings rising 7.9% YoY to 914,860 homes. This growth, however, remains uneven: the South and West now align with pre-pandemic inventory levels, while the Northeast and Midwest lag by 56.8% and 39.5%, respectively.

New listings grew 2.4% YoY in February, driven by stronger activity in the South, West, and Midwest, though the Northeast saw a 7.8% decline due to winter storms. Analysts note that while these trends suggest a more balanced market, affordability challenges and regional imbalances persist, with mortgage rates near 3.5-year lows potentially influencing buyer behavior as the spring season approaches.