Austin, TX Multifamily Market Report | MMG Real Estate Advisors | Q2 2026

Market Overview

Austin's multifamily market continued to demonstrate robust leasing momentum in Q2 2026, with 5,414 units absorbed—up from 4,128 units in the prior quarter and marking the fourth consecutive quarter of positive net absorption. Trailing 12-month absorption reached 19,522 units, comfortably exceeding the 12,726 units delivered over the same period. For the first time since the current supply cycle began, demand has consistently outpaced new supply on a sustained basis, signaling that the market is actively working through its inventory overhang rather than simply accumulating it.

About MMG Real Estate Advisors

MMG Real Estate Advisors is a multifamily investment sales and research firm tracking apartment market fundamentals across the Southeast, Midwest, and beyond. Their Q2 2026 Austin multifamily market snapshot tracks rent, occupancy, absorption, and supply trends to help owners and investors assess market timing. To read the full report, click here.