Market Stats

June 7, 2026

Lori Wakefield Named 2026 RealTrends Verified Top Agent | Lake Travis REALTOR

Named a 2026 RealTrends Verified Top Agent — What This Means for You

I have some exciting news to share, and I want to take a moment to explain why it matters, not just to me, but to every client I have the privilege of serving.

I have officially been …

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Posted in Market Stats
June 11, 2025

Austin Real Estate Market Update – Spring to Summer 2025

Spring Into Summer: What Austin’s Housing Market Is Really Doing Right Now

Year-over-Year Market Snapshot – May 2025 vs. May 2024 (Travis County)
Inventory surged by over 20%, while closed sales fell more than 28%.

austin real estate market decline 2025

Despite softening demand, prices remain relatively stable, though slight declines in both average and median …

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Posted in Market Stats
Jan. 25, 2024

Austin Real Estate Market Year End Recap 2023

Happy New Year! Can I still say that if January isn't over yet?!?

To say that 2023 was a rough one for real estate, might be an understatement... nationally, homes sales were the lowest in almost 30 years!  High mortgage rates and prices made home buying prohibitively expensive …

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Posted in Market Stats
Dec. 26, 2023

The largest number of potential buyers in U.S. history

In 2023, there were fewer than four million real estate transactions — the lowest number of homes sold in the last thirty years. In 1993, we had just 260 million people living in the U.S. Now we have 340 million. So last year was a record low. That’s why …

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Posted in Market Stats
Dec. 13, 2023

Unlocking Housing Opportunities: The Resurgence of Real Estate Markets in 2024

Unlocking Housing Opportunities: The Resurgence of Real Estate Markets in 2024

Is 2023 the "bottom out" year for real estate?

Following two years of subdued activity, the housing market is expected to grow in 2024. Several signs point to an imminent market recover, notably, the projection of lower mortgage rates …

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Posted in Market Stats
Nov. 6, 2023

The Fed's Interest Rate Pivot: What it Means for Real Estate - A Comprehensive Guide

The number one question I get asked these days is about Mortgage Interest Rates.  In recent statements from the National Association of Realtors, a significant shift in the economic landscape has been forecasted, with the Federal Reserve moving from raising interest rates to a more neutral stance, eventually leading to …

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May 30, 2023

Austin Real Estate Stats - April 2023

Is the real estate market slow down over?   

Based on year-end numbers, it doesn't look like it just yet, but stay tuned! We are seeing an increase in buyer activity right now as we enter the Spring market.

Home Prices

Median sold prices officially dropped below 2021 …

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Posted in Market Stats
Nov. 14, 2022

Austin Market Update Q3 2022

Lori Wakefield REALTOR | Keller Williams Austin Texas | 512-657-4455

What's been happening in the Austin Real Estate Market?  Let's discuss... 

On everyone's mind.... Home Prices

The median home price for September 2022 was $470,000, up from $445,000 this time last year, but is a 5% drop from the month before.  The …

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Posted in Market Stats
Oct. 11, 2022

Austin Real Estate Market Stats August 2022

Lori Wakefield REALTOR | Keller Williams Austin Texas | 512-657-4455

What's been happening in the Austin Real Estate Market?  Well.... let's start with interest rates.

As inflation remains at multi-decade highs, the Federal Reserve has been aggressive with its interest rate hikes.  In fact, rates have risen more than two percentage points in just six months …

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Posted in Market Stats
Aug. 23, 2022

Austin Real Estate Market Update JULY 2022

Lori Wakefield REALTOR | Keller Williams Austin Texas | 512-657-4455

As predicted, we continue to see a decline in home prices month over month with a 3% drop from last month and a 6% drop from the height of the market in April-May.  Unfortunately, that does not reflect the number of price reductions we have seen for homes still …

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Posted in Market Stats