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.  Rates …

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 …

This time last year my monthly real estate market update started with the sentence, "The Austin Real Estate Market continues to surprise us with some areas seeing over 40% appreciation in median home prices - I see you Dripping Springs!" Well, what a difference a year makes! While the …

Just like last month, the Austin Real Estate market has changed significantly compared to the month end May numbers that were recently released.  

We currently have more homes for sale than we have seen in a long time and we are continuing to see more homes come on …

The market is changing fast!

I started writing this market update at the end of May when the final April numbers came out and here we are into June... So much has happened in May that I struggle to share the April update without also telling you that …

Inventory is still low, but we are seeing a slight increase...

As of mid April, we have 2,318 homes for sale with an average list price of $1,026,804 (median price $639k). 591 of the 2800 homes are listed over $1 Million and 6 are listed over $10 Million. …

Curious about how much homes have appreciated in your zip code? Check out this Heat Map for the Median Sales Price Appreciation from January 2021 to January 2022. 

It's an extraordinary time in Austin to sell! Call me if you have been considering listing your home. I'd love …

We are starting to see a shift in the Austin Real Estate Market!

While this shift seems to be seasonal, we are seeing other factors that indicate we are headed back to a more balanced real estate market.

Number of Home Sales

The number of home …

Thanks again to David Tandy, CEO of Texas National Title for a great Economic Update highlighting the conditions, statistics, and projections of our Austin Real Estate Market. This is a follow up from a previous conversation I had with him last month that you can read about here:  Are …