• Sign Up
  • Log In
Seth Beresford
Seth Beresford
(512) 962-0950seth@teamprice.com
    • Property Search
      • Search Properties
      • Featured Properties
    • Insight
    • Articles
    • Newsletter
    • Market Report
    • Testimonials
    • Market Update
    • About
      • About Me
      • About Team Price
    • Contact
    • Seth Beresford(512) 962-0950
      seth@teamprice.com
      Copy Email
    • Team Price Real Estate
      7320 N Mo-Pac
      Austin, TX 78731
      (512) 213-0213
      dan@teamprice.com

    Search

    • Search Properties
    • By City
    • By Subdivision
    • By Zip

    Explore

    • Featured Properties
    • Areas
    • Property Search

    Company

    • Guarantee
    • Work with Us
    • Interview Questions
    • Join Our Team

    Resources

    • Insight and Statistics
    • Tenant Pre-Screening
    • Real Estate Forms
    • Real Estate Glossary

    About

    • Home
    • About
    • Agents
    • Testimonials
    • Contact Us

    Account

    • Login
    • Sign Up
    Seth Beresford - Footer Logo
    • Texas Real Estate Commission Information About Brokerage Services
    • Texas Real Estate Commission Consumer Protection Notice
    • Privacy
    • Terms
    • DMCA
    • Accessibility
    • Fair Housing
    © 2025 Team Price Real Estate. All rights reserved.
    Website built by CloseHack.
    Central Texas Multiple Listing Service

    Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Seth Beresford may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.

    Austin Board of Realtors

    The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

    • MLSGrid IDX Data Notice
    • DMCA Notice
    Austin Housing Market Trends: Have Prices Hit Bottom?

    Has the Austin Real Estate Market Hit a Floor?

    Published 12/02/2024 | Posted by Seth Beresford

    Has the Austin Real Estate Market Hit a Floor?

    Over the past couple of years the Austin real estate market exhibited a significant slowing and deflationary trend followed by a stabilization of the market and a recent increase in activity and pricing - at this point in the market cycle people are starting t​o ask “has the market bottomed out?” While it’s impossible to give a definitive answer there is plentiful data to explore, much of it pointing to the possibility that we have reached a bottom. 

    Signs of Stabilization

    Market data shows that after a period of steep declines, prices are stabilizing. The average and median home prices are no longer dropping significantly. In fact, recent months have shown either marginal declines or modest increases, a pattern that often signals the market is finding its floor.

    Positive Year-over-Year Comparisons

    The year-over-year price change, which had been negative for much of the cycle, has turned neutral or slightly positive in the latest data. This is a critical indicator, as it often marks the end of a downtrend and the beginning of recovery.

    Improved Activity & Improving Seller Metrics

    As a whole the activity index is increasing in most areas meaning that more of the available inventory is going under contract. Furthermore, we are seeing a notable decrease in the months of inventory - again pointing towards an increase in activity. 

    Why Can’t We Be 100% Sure?

    While the data points to recovery, external factors like interest rate changes or unexpected economic shifts could still create turbulence. However, unless there’s a major shock, the data supports the idea that the market should continue to stabilize before entering a more sustained upswing. Continue to follow the Austin Market Cycle to see how the market progresses. 

    FAQ

    1) Are housing prices in Austin going down? From peak, th​e median sold price has dropped by 21.20%. That being said, November 2024 saw a 3.2% increase over November 2023, suggesting that prices are no longer decreasing. 

    2) How did the Austin real estate boom go bust? Austin's real estate boom went bust due to a mix of record-high home prices, rising mortgage rates, and eroding affordability, which slowed demand significantly. Overbuilding during the boom created excess inventory, contributing to price drops, while broader economic concerns like inflation further discouraged buyers. These factors together caused the market to cool.

    3) Is it smart to buy a house in Austin right now? We know that prices have cooled, inventory has increased, and affordability has improved. Whether or not it’s smart to buy a house in Austin right now comes down to the individual buyer’s current financial situation and real estate goals. 

    4) Is Austin in a housing crisis? Austin's housing market data shows declining home prices and reduced sales volume compared to the peak of the boom. While affordability remains a challenge due to elevated prices and mortgage rates, the market is cooling, suggesting it's stabilizing rather than collapsing. Indicators like a moderate decline in median sold prices and increased inventory suggest market correction rather than a crisis.​

    Related Articles

    Keep reading other bits of knowledge from our team.

      Request Info

      Have a question about this article or want to learn more?