Austin rental market cools, latest leasing data shows

Unlock MLS’s Central Texas Housing Report showed the number of closed leases, new lease listings and and median rent rates were mostly down year over year between February-May. (Courtesy Adobe Stock)

In February, Unlock MLS—the listing service owned by Austin Board of Realtors, which Realtors use to share information about homes on the market— began reporting leasing data as part of its monthly Central Texas Housing Report.

“We believe that owning a home is the best way to create generational wealth,” said Brandy Wuensch, Unlock MLS and Austin Board of Realtors 2025 president. “If your rent is close to what you could get much more for, obviously educating them to maybe consider [buying] as an option was one of the reasons that we started pulling this data.”…

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