📊 Market Conditions Overview

---

💰 Mortgage Rates & Affordability

• Current Rates: Hovering around 6.83%
• Affordability: High mortgage rates continue to challenge affordability across all three cities, despite some price corrections.

---

🧑‍🤝‍🧑 Buyer Demographics & Behavior

Austin:

• First-Time Buyers: 31% of all buyers
• Median Household Income: $121,400
• Buyer Composition:
  • Singles: 33%
  • Couples: 54%
  • Real Estate Partners: 13%realtysanantonio.com+1expressnews.com+1

San Antonio:

• Population Growth: Strong, with the city gaining more residents than any U.S. city in 2023
• Buyer Behavior: Buyers are taking advantage of increased inventory and price reductions, with 31.7% of listings seeing reduced priceslrgrealty.comlrgrealty.com

Dallas:

• Market Dynamics: Buyers have more negotiating power due to increased inventory, though the market hasn’t fully shifted to a buyer’s market whymovetodallas.com

---

🏘️ Inventory & Sales

Austin:

• Active Listings: Increased by 5.2% to 10,845 in November 2024
• Closed Sales: 29,872 in 2024, a slight decrease of 0.5% from the previous yearapnews.com+6en.wikipedia.org+6expressnews.com+6

San Antonio:

• Active Listings: 4,658 in Q1 2025, 28% above pre-pandemic levels
• Closed Sales: 35,230 in 2024, a 7% increase from 2023lrgrealty.comexpressnews.com

Dallas:

• Inventory Levels: 4.5 months of inventory as of October 2024, providing buyers with more options
• Sales Volume: Sales volume for single-family homes decreased 4.09% YoY from 7,948 to 7,623 transactionswhymovetodallas.com360realestatedfw.com

---

🧑‍💼 Realtor Landscape

Austin:

• Active Realtors: 19,979 registered in the Austin-area MLS as of September 2024
• Trend: A 6.1% decrease from the September 2022 peak, suggesting some professionals are exiting the market

San Antonio & Dallas:

• While specific numbers aren’t provided, both cities are experiencing shifts in the real estate profession due to changing market dynamics.

---

🔍 Key Takeaways

• Market Shifts: Austin is transitioning to a buyer’s market, San Antonio has become buyer-friendly, and Dallas is moving towards a balanced market.
• Affordability Challenges: High mortgage rates continue to impact affordability, despite price corrections in some areas.
• Inventory Trends: All three cities are experiencing increased inventory, providing more options for buyers.
• Buyer Behavior: Buyers are becoming more selective, taking advantage of price reductions and increased inventory.