Austin Real Estate Market Update: February 2026 – Sales & Rentals

The Austin real estate market continues to show interesting shifts as we move through 2026. Whether you’re buying, selling, or renting, here’s what you need to know about sales and rental activity in the City of Austin. ### Sales Market Update The **median home price** in Austin is currently **$540,000**, which is **up nearly $20,000 from January** but **down 2.7% from last year**. While homes are taking longer to sell, the market is showing signs of a **buyer’s market**, especially as **months of inventory jumped to 6.2 in February**, up from 3.9 in January. Other notable stats: - **New listings** decreased by 3% to 13,990 - **Active listings** are down 13% to 3,148 - **Pending sales** increased to 923, up **15.1% from last year** and higher than last month’s 797 - **Average days on market** remains steady at about 80 days - **Average close-to-list price** is climbing slightly, suggesting sellers are adjusting expectations If you’re a buyer, this is a great time to take advantage of increased inventory and negotiating power. For sellers, pricing your home accurately and staying competitive remains key. ### Rental Market Update The Austin rental market continues to favor tenants, with some notable trends as we move from January into February: - **Median rent** remains **$2,100**, **down 5.6% from last year** - **Months of inventory** for leases holds steady at around 3 months - **New leases** are up **25% from last month** - **Closed leases** increased **11.2% from last year**, totaling 1,184 - **Average days on market** for rentals sits at about 60 days - **Average close-to-list price** is around 96%, showing landlords are getting closer to their desired rent With more rental inventory available, tenants have more options and can take their time finding the right property, while landlords are seeing more closed deals and competitive rental terms. ### Need Help Navigating the Market? Whether buying, selling, or leasing in Austin, our team at Best of Austin Living is here to provide data-driven insights and guidance. **Reach out to us at (512) 994-9206** to discuss your goals and next steps.