Serendipity Realty Group at Compass: South Austin Living Gets More Negotiable with 6.5 Months of Supply
New Unlock MLS numbers pulled by Sarah Maddali of Serendipity Realty Group at Compass show South Austin at 6.5 months of supply, a $404,000 median and homes closing at 91.3% of original list price, as mortgage rates ease for a second straight week.
Austin, TX, November 02, 2026 --(PR.com)-- South Austin living is getting more negotiable for buyers this fall, according to a 30-day pull of Unlock MLS data by Sarah Maddali, REALTOR® and team leader of Serendipity Realty Group at Compass. South Austin had 666 active listings and 103 closed sales in the 30 days ending Oct. 19, 2026, about 6.5 months of supply, and the median home closed at $404,000. Mortgage rates have eased for two straight weeks, with Freddie Mac's 30-year average at 7.24% as of Oct. 29.
The pull, based on Unlock MLS data pulled by Serendipity Realty Group, shows South Austin homes that closed spent a median of 62 days on market and sold for an average of 91.3% of their original list price. Another 123 homes were under contract or pending. Over the same 30 days, 95 South Austin listings expired or were withdrawn, so 48% of the listings that left the market didn't sell.
South Austin isn't one market, though. In Circle C, the same pull showed 3.6 months of supply, a median of 18.5 days on market and an average of 96.9% of original list price, from only 12 closings. Across the wider metro, Unlock MLS's September 2026 Central Texas Housing Report showed 5.4 months of inventory. New construction adds more choices: HomesUSA.com's Texas New Home Sales Report, released Oct. 22, counted 6,067 active new-home listings in the Austin area in September, with an average of 97 days on market.
Borrowing costs are still well above last year. The 30-year average was 6.17% a year ago, according to Freddie Mac, and the Federal Reserve held its benchmark rate steady on Oct. 28. Local supply is on the agenda too: the Austin Housing Finance Corporation is gathering community input on a proposal for up to 275 affordable units on a 4.78-acre site at 6200 Menchaca Rd. in South Austin, which would need a rezoning, FOX 7 Austin reported Oct. 22.
"If you've been watching South Austin from the sidelines, this is a fall where you can take your time and still ask for things," said Maddali. "Nearly half the listings that came off the market in the last month didn't sell, and the ones that did closed a little over 91% of where they started. Rates ticking down this week is a small move, so I wouldn't plan around it. I'd plan around the leverage you have right now, and know that pockets like Circle C still move in a few weeks."
What South Austin buyers can do this month:
Ask for the original list price and price history on every home you like, not just today's price. In South Austin, closed homes averaged about 9% below where they started.
Ask for seller-paid closing costs, repairs or a rate buydown credit, not only a lower price, especially on homes past 60 days.
Compare resale and new construction side by side, then get pre-approved with a local lender before the Fed's Dec. 8-9 meeting so you're ready when the right home shows up.
For more on South Austin living, free neighborhood and home buyer guides are available at sarahmaddali.com/links/.
About Serendipity Realty Group
Serendipity Realty Group is an Austin, Texas real estate team led by Sarah Maddali, REALTOR® and Military Relocation Professional (MRP). Before real estate, Sarah worked in physical therapy, and she moved into real estate after her own first home purchase left her feeling like nobody was in her corner. Since 2016, Sarah and her team have closed 220+ transactions and helped flip 22+ homes around Austin, and she has been recognized by Austin Real Producers. The team helps first-time home buyers, relocating families and sellers across Austin, South Austin and the surrounding Hill Country. Serendipity Realty Group is a real estate team affiliated with Compass. Equal Housing Opportunity.
The pull, based on Unlock MLS data pulled by Serendipity Realty Group, shows South Austin homes that closed spent a median of 62 days on market and sold for an average of 91.3% of their original list price. Another 123 homes were under contract or pending. Over the same 30 days, 95 South Austin listings expired or were withdrawn, so 48% of the listings that left the market didn't sell.
South Austin isn't one market, though. In Circle C, the same pull showed 3.6 months of supply, a median of 18.5 days on market and an average of 96.9% of original list price, from only 12 closings. Across the wider metro, Unlock MLS's September 2026 Central Texas Housing Report showed 5.4 months of inventory. New construction adds more choices: HomesUSA.com's Texas New Home Sales Report, released Oct. 22, counted 6,067 active new-home listings in the Austin area in September, with an average of 97 days on market.
Borrowing costs are still well above last year. The 30-year average was 6.17% a year ago, according to Freddie Mac, and the Federal Reserve held its benchmark rate steady on Oct. 28. Local supply is on the agenda too: the Austin Housing Finance Corporation is gathering community input on a proposal for up to 275 affordable units on a 4.78-acre site at 6200 Menchaca Rd. in South Austin, which would need a rezoning, FOX 7 Austin reported Oct. 22.
"If you've been watching South Austin from the sidelines, this is a fall where you can take your time and still ask for things," said Maddali. "Nearly half the listings that came off the market in the last month didn't sell, and the ones that did closed a little over 91% of where they started. Rates ticking down this week is a small move, so I wouldn't plan around it. I'd plan around the leverage you have right now, and know that pockets like Circle C still move in a few weeks."
What South Austin buyers can do this month:
Ask for the original list price and price history on every home you like, not just today's price. In South Austin, closed homes averaged about 9% below where they started.
Ask for seller-paid closing costs, repairs or a rate buydown credit, not only a lower price, especially on homes past 60 days.
Compare resale and new construction side by side, then get pre-approved with a local lender before the Fed's Dec. 8-9 meeting so you're ready when the right home shows up.
For more on South Austin living, free neighborhood and home buyer guides are available at sarahmaddali.com/links/.
About Serendipity Realty Group
Serendipity Realty Group is an Austin, Texas real estate team led by Sarah Maddali, REALTOR® and Military Relocation Professional (MRP). Before real estate, Sarah worked in physical therapy, and she moved into real estate after her own first home purchase left her feeling like nobody was in her corner. Since 2016, Sarah and her team have closed 220+ transactions and helped flip 22+ homes around Austin, and she has been recognized by Austin Real Producers. The team helps first-time home buyers, relocating families and sellers across Austin, South Austin and the surrounding Hill Country. Serendipity Realty Group is a real estate team affiliated with Compass. Equal Housing Opportunity.
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Serendipity Realty Group at Compass
Sarah Maddali
563-650-0452
https://sarahmaddali.com
Sarah Maddali
563-650-0452
https://sarahmaddali.com
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