Austin’s Market Check: Healthy, Realistic, And Full Of Opportunity

TL;DR
Austin is not crashing. It is correcting. Prices are modestly lower after two wild years, inventory is healthier and Buyers are negotiating real wins. If you plan to act, this market rewards thoughtful moves, not frantic ones.

Healthy And Realistic

Austin’s market looks healthy and realistic. Prices are not collapsing. They are normalizing after unsustainable growth. Year over year, the median price move is in the mid single digits, which is what a balanced market looks like. This is not a bubble popping. It is equilibrium returning.

From Frenzy To Function

The chaos is gone. Smart sellers are pricing to the market. Buyers are asking smarter questions. I know because I’m having smart conversations (my favorite kind). Fewer people are writing wild offers just to win a property. Well priced homes though? They’re seeing multiple offers. Not something the headlines are talking about but let’s stick to the topic. This is a functioning market, which in Austin is a gift.

The Numbers That Matter

Closed sales are up year over year in Travis County, while the average close to list price has eased to the low ninety percent range. Months of inventory has moved into healthy territory at about 6.1 months. 

Translation. Buyers have room to negotiate and deals are still getting done at all price points.

Why This Signals Opportunity

Moderating prices plus motivated Sellers equals leverage. You can keep your inspection. You can negotiate repairs or concessions. You can take a breath and make confident choices. 

That was not the norm in 2021. It’s the norm now.

The Upsizing Trade Off

If you are upsizing, your monthly payment may be higher than it would have been in 2021. You are also not paying fifteen percent over asking, and you are not waiving key protections (I wouldn’t want you to in any market). That trade off can reduce risk and increase control. Smart terms beat rushed terms.

Fundamentals Still Support Austin

Jobs, talent, and quality of life continue to draw people to Austin. Those fundamentals underpin demand even as the market resets to a more sustainable pace. That is why sales can rise (and have risen) while prices correct.

Final Word For Discerning Buyers And Sellers

This is a market for thoughtful action. Not speculation. If you want to buy or sell with strategy, Austin is finally giving you the space to do it well.

Let’s make sure your next move in Austin is financially strategic. Reach out and we’ll build your timeline together so you stay in control of your rate and your results.

Jennifer S. Goodman
REALTOR® | GRI
ΓEA⅃ Broker, LLC
📱 512.839.3855