The Austin housing market has cooled dramatically since its 2021 frenzy. According to Team Price's November 17 market update, there are more than 15,500 active listings in the metro area and 58.3 percent of those homes have already seen a price reduction. Inventory sits at 5.53 months — a level we haven't seen since before the pandemic. Spyglass Realty notes that median sale prices hover around $440,000, roughly 18% off the 2022 peak, and homes are taking 50–60 days to sell.
What does this mean for homeowners? Quite simply, buyers now have leverage. They're negotiating contingencies and asking sellers to repair or upgrade worn surfaces before closing. Flooring is one of the first things prospective buyers notice; installing new hardwood, luxury vinyl plank or fresh carpet can set your property apart. The National Association of Realtors reports that hardwood floors continue to be a top investment when it comes to resale value.
Why Inventory Matters
A market with more than five months of inventory is considered balanced. With supply now exceeding that threshold, Austin has shifted from the intense seller's market of 2021 to a more neutral or buyer‑friendly environment. Data from Team Price's Activity Index shows demand around 20%, meaning only one in five listings go under contract in a given week. Buyers can afford to be picky and will discount properties that feel dated.
Tips for Sellers
- Refresh your floors. Replacing worn carpet with engineered hardwood or waterproof luxury vinyl will make your home photograph better and appeal to modern buyers.
- Coordinate finishes. Warm woods and wide planks are trending for 2025. Choose flooring that complements your cabinetry and paint.
- Offer credits for upgrades. If a full replacement isn't in the budget, consider offering a flooring allowance so buyers can choose their own materials.
For more guidance on choosing flooring, see our 2025 color trends and room‑by‑room flooring guide. Upgrading your floors now can help your home sell faster and closer to asking price.