Recent data through May 2026 shows Austin metro median sale prices ranging from roughly $440,000 to $542,000 across sources, with Zillow typical values near $495,000-$511,000 amid 2-5% year-over-year declines. Elevated mortgage rates near 6.5-7%, combined with rising homeowner insurance costs and post-pandemic oversupply from new construction, have extended days on market to 48-85 and shifted conditions toward buyers. Increased active listings and modest pending contract gains reflect rebalancing, though job market resilience and infrastructure spending provide support. With September 30 resolution only three months away, trader sentiment remains split as markets weigh the pace of any further softening against potential stabilization signals in inventory absorption and rate-sensitive demand.