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Study: Austin has the slowest housing market among 50 most populous U.S. cities

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Study: Austin has the slowest housing market among 50 most populous U.S. cities


AUSTIN, Texas — Austin’s housing market is proving that what goes up must come down. What was once one of the most booming cities in the U.S. has now slowed to a halt when it comes to real estate, according to a new study.

Real estate site Redfin named Austin the slowest market among 50 of the most populous metropolitan areas, comparing data from December 2024 to 2025. It’s a sharp drop from where the market stood during the COVID-19 pandemic, when out-of-state buyers were moving to the city in droves to scoop up real estate.

According to the study, Austin experienced the third biggest decline in home prices among major metro areas, with prices falling 4% in the studied timeframe. The city also had 128% more sellers than buyers in that time, the largest imbalance among the top 50 metros.

The typical Austin home took 106 days to sell on average, a 91-day increase from 2024. Redfin calls it the slowest December since 2012, with national average home sales taking place within 60 days in comparison.

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Redfin attributes the market fall to unsustainable price growth in recent years and a homebuilding boom, leaving the city with more renters than buyers.

It’s not all bad news, though. The drop in home sales means those currently looking to buy in Austin have more freedom to bargain and take their time to browse options and get the best price.

“I have a buyer who just offered $560,000 for a home that was listed at $599,000 and a few years ago would’ve been worth $700,000. There’s a pretty good chance the seller will say yes given how slow the market is. Another buyer I’m working with also made an offer on a house for below the list price and plans to bid on a different home if the seller doesn’t accept,” said local Redfin Premier real estate agent Andrew Vallejo.

In the meantime, Vallejo says many prospective buyers in Austin plan to continue renting until mortgage rates fall to 5% or lower.



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Austin, TX

Austin cannabis shop: THC ban would “hurt everybody”

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Austin cannabis shop: THC ban would “hurt everybody”


After Senator Charles Perry vowed to introduce another bill to ban THC in Texas next legislative session, an Austin cannabis shop owner is urging lawmakers to find a middle ground.

Estella Castro owns Austinite Cannabis Co., a family-owned shop that makes and sells cannabis and hemp products.

Austinite Cannabis Co. (Photo: CBS Austin/Audrey Wong)

Her business has faced a potential THC ban before. During the 2025 legislative session, Senate Bill 3 attempted to enact a broad ban on all cannabinoids except CBD and CBG.

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Castro says she was most worried for her customers. “It was a big initial hit of like, what are we gonna do? How are we gonna pivot? How are we gonna keep the doors open for everybody to keep their jobs?” she said.

RELATED | Texas state senator plans to introduce new THC ban bill in upcoming session

That bill passed, but was later vetoed by Governor Greg Abbott. Similar legislation failed to pass during the subsequent special session.

However, the possibility of a total ban bill being introduced and passed next session could spell trouble for Austinite Cannabis.

During a hearing Tuesday, July 7, Senator Charles Perry vowed to present such a bill next session as public officials, medical experts, and others discussed THC’s medical uses, effects on minors, and regulation.

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Castro says over half of the store’s revenue comes from products that contain THC.

“I would say it’s about a 60/40 split: 60% THC and 40 CBD… So feel like it is a huge number that affects my store in so many ways,” she said.

ALSO | Texas French Bread reopens dining room four years after fire

She feels that a total ban on THC would negatively affect multiple parties.

“Banning it is just hurting the consumer,” she said. “Making the consumer go and find a street dealer… killing any dispensaries… it’s gonna hurt your small business owner.”

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If another THC ban bill is written, it will be introduced during the next legislative session, which begins in January 2027.

In the meantime, Castro’s two stores will continue to operate as normal. She hopes lawmakers will think twice about instituting a complete ban on THC.

“I feel like we’re better than that, you know, we’re Texas,” she said. “We need to find some middle ground where it’s not a complete ban, and we can still be able to come together.”



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Texas’ Goosby hosts camp to benefit heart research

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Texas’ Goosby hosts camp to benefit heart research


AUSTIN (KXAN) – Trevor Goosby is a projected first-round pick in the upcoming 2027 NFL Draft. The Texas offensive lineman anchors the group up front for one of the best teams in the country and was named a preseason All-American by Walter Camp.

But his football career felt in jeopardy when he was in high school.

“That was kind of my biggest question,” said Goosby. “I was really nervous because would I be the same football player coming back?”

AUSTIN, TEXAS – APRIL 18: Trevor Goosby #74 of the Texas Longhorns sets up in position during the Texas Spring Football Game at Darrell K Royal-Texas Memorial Stadium on April 18, 2026 in Austin, Texas. (Photo by Scott Wachter/Getty Images for ONIT)

Goosby was born with a congenital heart defect and had open-heart surgery when he was just 16 years old. He wasn’t sure how this would change his everyday life, including his football career.

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“Definitely a lot of nerves just because you’re getting your ribs cracked open essentially and getting your heart worked on…It was a scary moment. I remember driving up to the hospital super nervous.”

Goosby was able to recover and become a great football player. He said not only has he become a person in learning to fight through adversity, but it helped him as a player as well with improved endurance.

Now, the star Longhorn is giving back as much as possible.

Goosby hosted a camp in Austin to benefit the Children’s Heart Foundation. The organization works to fund research on congenital heart defects.

Goosby speaking with kids at his football camp in Austin

The offensive tackle is matching all donations up to $20,000 made to the Children’s Heart Foundation through the event and campaign.

“It means a lot to me just because of the heart condition I did have back when I was 16. That just kind of changed my life. I just want to bring awareness to that.”

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The camp was at Hyde Park High School in Northwest Austin. Goosby spoke about what he hopes the young campers took away from the event.

“I think it’s just more than football. Football is a big part of what I do but it’s not who I am…I just want to show all these kids that I’m just another great guy and just someone they can look up to.”



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Austin, TX

ACC Tuition to Remain Unchanged for Another Year

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ACC Tuition to Remain Unchanged for Another Year


The Austin Community College Board of Trustees has approved a $583 million operating budget for fiscal year 2027, keeping tuition and mandatory fees unchanged for the 13th consecutive year. The balanced budget, approved unanimously Monday, also includes



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