The Austin market has shifted. Here is an honest look at what is happening with prices, inventory, and interest rates, and what it means for you.
After several years of intense competition, the Austin real estate market has found a more balanced pace. Inventory has increased, giving buyers more options and more time to make decisions. Interest rates remain a key factor. Many buyers are choosing adjustable rate mortgages or negotiating seller concessions to offset monthly costs. For sellers, pricing accurately from day one is more important than ever. Overpriced homes are sitting longer and often selling below asking price after reductions. The luxury segment above two million dollars remains active, driven by relocation buyers from California and the Northeast. If you are thinking about buying or selling in the next six months, the current window offers more negotiating room than we have seen in years. Now is a good time to have a serious conversation with your agent.
Sarah Mitchel
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