Austin Real Estate Market Update | July 2026

The July numbers are in and there's a lot to unpack — from inventory shifts to what COVID-era buyers need to know right now. **SALES:** - Median home price: **$577K** (down slightly from last year; up from $522K in January) - Months of inventory: **4.5** — down 1.8 months from last year, but still feels very buyer-friendly - Average days on market: **49 days** (down from nearly 90 days in January!) - Average close-to-list price: **93.9%** **What's driving the market:** - Homes that are priced right, staged, and move-in ready are closing closest to list price - Neighborhoods tied to highly rated schools continue to be the most competitive - Buyers who purchased during COVID should be aware that the average seller is seeing about a 25% reduction from their COVID purchase price - AISD school closures are impacting certain neighborhoods more than others — worth researching before you buy **RENTALS:** - Median rent: **$2,200/month** - Months of inventory: **1.7** — a landlord's market - Close-to-list ratio: **96.7%** - Average days to rent: **49 days** - The rental market is stronger than this time last year — multiple applications within 24 hours is common Whether you're buying, selling, or renting in Austin — we're here to help.