Closed home sales in the Austin area declined nearly 16% year-over-year, with median listing prices falling slightly to $430,000. Pending sales rose 4.5%, indicating buyer interest. Median home prices in Austin city dropped 1.5% to $565,000, while active listings increased by 9.6%. Surrounding counties saw mixed sales declines and price changes. Austin ranks as the second-best buyer’s market nationally due to increased inventory and stable prices.