Hi y’all, welcome back to Selling Austin - your weekly local real estate recap.

Inside: Austin Keeps Building 🏗️  + COTA Getting a Facelift ✂️ 

Did someone forward this to you? If you want to get 5% smarter* each week, subscribe here!
(*unbiased opinion)

WHAT'S INSIDE

• 🔢 THE DATA

• 🤠 WHAT’S HAPPENING AROUND TOWN

• ⁉️ WHAT THIS MEANS FOR YOU

• 🤤 HOUSE WORTH DROOLING OVER

🔢 THE DATA

I’m an ex-dentist turned Realtor - let’s work together! Email me, tweet me or send me a carrier pigeon. 🐦️ 

The slowing real estate market hasn’t stopped builders: Austin’s housing supply is rising faster than nearly any other major metro in the U.S.

Active listings in the Austin-Round Rock-San Marcos area were up almost 70% in June compared to 2019. Affordability continues to remain a challenge. Theoretically - more builds means the market gets more buyer friendly as buyers have more options and more room for negotiation. We have not seen a significant decrease in Median price listing to validate this.

How many new homes are we talking?

3,889 building permits issued through May; 520 new homes sold in the first two months of the year.

What does this mean for me?

• Cities like Austin, Denver, and Nashville have added significant supply, leading to longer selling times and more inventory.

• Buyers have more leverage now than in recent years, but prices haven’t dropped enough to address affordability crisis.

🤠 WHAT’S HAPPENING AROUND TOWN

COTA might be getting a facelift:

The proposal:

• A 1,000-room resort-style hotel and major convention center

• The project hinges on the Austin City Council approving the land transfer; a vote is expected next week. 👀 

Project details:

• If approved, the city would own the land and convention center to qualify for Texas Tax Code incentives, while the hotel would remain privately owned.

What does this mean for me?

• The project could boost the local economy with more tax revenue, larger events, and extended visitor stays.

• It could help ease traffic by adding on-site lodging for COTA’s racing and concert crowds.

⁉️ WHAT THIS MEANS FOR YOU

If you’re a buyer/seller/investor/renter or just interested in real estate - this weekly newsletter will help guide your decision making and help you better understand the market.

Here’s June 2025 market data:

• Strongest closed sales we’ve seen this year - total closed sales increased by 5% YOY 

• Active listings jumped 15.9%, continuing an upward trend

• Months of Inventory (MOI) increased to 5.4 (up 23% YOY) - we are firmly in a buyers market

• Prices remained stable:

  • Average sold price up 2%

🤤 HOUSE WORTH DROOLING OVER

Christmas in July with this listing at 8609 Navidad (couldn’t help it, sorry)

When people say modern - this is what they mean - crisp and clean.
Yours for: $5,995,000

Thank you for being here! Reply to this email if you have any questions or just to say hello! 👋 

P.S. If you think your friends would like this newsletter, I’d love for you to share it with them!