With the Austin market shifting, you might be wondering if you should sell in Austin now or wait until 2025. The city has long been a hot spot for real estate. But with ongoing changes in market conditions, it’s important to consider whether waiting will yield better results. Recent years have seen rapid price increases followed by a market correction, leaving sellers uncertain about the best time to list their homes.

In this blog post, Austin realtors Dallas and Amy Seely and the professionals at The Seely Group will discuss whether you should sell now or wait until 2025.

Key Takeaways

• Austin’s housing market is cooling, with prices expected to decline further into 2025.
• Rising inventory levels may lead to more competition among sellers, extending selling times.
• Interest rates and broader economic factors will influence the market over the next few years.

Should I Sell in Austin Now or Wait Until 2025?

Current Market Trends in Austin

Austin’s housing market has cooled significantly since its peak a few years ago, and forecasts suggest that home prices will continue to decline into 2025. While Austin remains a desirable location, this market correction is expected to moderate price growth.

According to Dallas Seely,

“The Austin market is stabilizing after years of rapid appreciation. We’re seeing fewer bidding wars and more balanced conditions between buyers and sellers. However, prices are still adjusting downward, which could continue for the next year or two.”

For sellers hoping to capitalize on the peak values seen in recent years, it may be better to sell now rather than wait for further declines in 2025.

Increased Competition and Longer Selling Times

Another key factor impacting Austin’s housing market is the rise in inventory. More sellers are listing their homes on the market, giving buyers more options to choose from. It also reduces the urgency that led to quick sales in previous years. As inventory continues to rise, sellers may face stiffer competition.

Amy Seely points out,

“We’re seeing more homes sit on the market for longer periods. The days of homes selling in a week are behind us for now, and sellers need to be patient and flexible with their pricing strategies.”

With more homes on the market, buyers have greater negotiating power, meaning fewer bidding wars and more opportunities to negotiate on price. This shift could make it harder for sellers to get top dollar for their properties in the coming years. This is particularly true if inventory levels continue to rise through 2025.

Economic Factors and Interest Rates

Economic conditions and interest rates will also play a major role in shaping the Austin housing market over the next few years. Mortgage rates have increased significantly in the past year, reducing many people’s purchasing power. This has led to a slowdown in demand, especially for higher-priced homes.

If interest rates continue to rise, this could make it difficult for sellers to achieve higher prices. On the other hand, if economic conditions improve and interest rates fall, the market could rebound, giving sellers better opportunities in 2025.

Should You Sell Now or Wait?

Ultimately, the decision to sell now or wait until 2025 depends on your personal situation. You should consider your finances, reasons for selling, and specific property characteristics. If you need to sell quickly or want to avoid further price declines, listing your home now could be a wise choice.

Here are some reasons to consider selling now:

• Avoid Further Price Declines: Home prices in Austin are expected to fall over the next year. This means selling now may help you avoid a lower sale price in the future.
• Increased Buyer Negotiating Power: In 2025, there are expected to be more homes entering the market and fewer bidding wars. This means waiting could mean that you face more negotiations and potentially sell for less than expected.
• Higher Interest Rates: Rising interest rates have reduced buyer affordability, which could further slow demand and put downward pressure on home prices.

On the other hand, if you’re in no rush to sell and can afford to wait, holding off until 2025 might make sense if the market conditions improve or if your home is in a high-demand area. In addition, as interest rates decline into 2025, it could open the market up to more buyers. However, you should also prepare for:

• Longer Time on Market: As inventory rises, homes are taking longer to sell, so your home could sit on the market for longer.
• More Competition: The number of homes for sale is expected to continue rising in 2025, which could increase competition among sellers.

Ultimately, whether you decide to sell your Austin home now or wait until 2025 depends on your unique circumstances and goals. For tailored advice based on your specific situation, consult with experienced local real estate professionals like Dallas and Amy Seely, who can help you navigate the Austin housing market and determine the best time to sell.

Call Dallas and Amy Seely – We Can Sell Your Lake Travis Home For Cash Today

If you’re looking to sell a home in Austin, it’s important to work with an experienced realtor who can match you with a buyer in no time, no matter what the market conditions are like. At The Seely Group, Amy and Dallas Seely and our entire team of real estate experts help over 300 families in the Austin area every year. 

With our expertise and Seller Guarantee, we can ensure your listing generates offers from day one. In some cases, we can even match you with a pre-qualified buyer before your home is listed on the market.

To learn more about working with us to sell your home, call 512.943.2572 or send a message to [javascript protected email address]. You can also fill out the form on this page.

To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!