Austin Real Estate Market Update | August 2026

The August numbers are in from the Austin Board of Realtors — and with rates crossing 7% for the first time in years, there is a lot to talk about. SALES: Median home price: $560K (down 4.3% from last year) Months of inventory: 4.6 — firmly a buyer's market despite what the numbers suggest Active listings: 4,554 vs. only 814 pending sales Average days on market: 56 days Sellers: pricing and presentation are everything right now Buyers: real negotiation opportunities, especially on homes that have been sitting LEASES: Median rent: $2,200/month Months of inventory: 1.5 Average days on market: 47 days Better than it's been in years — but an apartment oversupply may shift things soon Reach out anytime — whether you're buying, selling, renting, or just planning ahead.