As we move into fall, Austin’s real estate market is seeing a surge in available homes and a drop in prices. With the number of homes for sale up 15% and median prices down 4% compared to last year, buyers are gaining more options and negotiating power. Homes are also staying on the market longer, averaging 70 days, putting added pressure on sellers to price competitively and offer concessions to attract serious buyers. With mortgage rates dropping to their lowest point in over a year and inventory growing, buyers are finding more purchasing power to secure a home at a better price. This report will cover what you can expect this season – from industry changes to why early fall might be the best time to buy or sell in Austin’s housing market.

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On September 18th, the Federal Reserve Bank dropped its benchmark rate for the first time since 2020, and many analysts expect further cuts before the end of the year. Inflation has fallen to its lowest reading since early 2021, and mortgage rates are now the lowest since February 2023. Stock markets have been volatile since mid-July, but the S&P 500 & Dow hit new highs on September 19th.  

  • National sales activity was relatively weak in August 2024:  Existing-home sales declined 3.1% from July and 5.7% from August 2023. But sales in August mostly reflect offers accepted in July before many of the positive economic developments mentioned above.

  • Year over year, the median single-family-home sales price and the median condo/co-op price in…

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Follow this winding driveway to my new gorgeous listing in the serene Deerfield Estates neighborhood surrounded by panoramic views of the Texas Hill Country. If you are looking for the iconic and elusive "few acres out in the country, but close in to Austin" property, it will be hard to find something that beats this combination of proximity to Austin and Dripping Springs and privacy in a Hill Country setting. Located on 4.4 acres, this one-story David Weekley features four bedrooms with an office, a three-car garage, a 2,000 sq ft custom built RV storage barn, and a large, fenced-in garden with raised beds. For the equestrian lovers, horses (maximum of two) are allowed. Built in 2008, the home has been kept in great condition by the homeowner who clearly…

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In addition to three home games for fans of UT football, there are many more exciting events taking place in Austin in September.   The iconic Pecan Street Festival, for example, is an annual event in downtown Austin, showcasing the city's vibrant culture and creativity. Held on Sixth Street, the festival features a diverse array of art, crafts, and food from local vendors, as well as live music performances across multiple stages.

See the link below for all of the fun activities to explore in September. 

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July 2024 Market Highlights

  • Year over year, the July median single-family-home sales price and the median condo/co-op price were up 4.2% and 2.7% respectively:  Both declined slightly from all-time highs in June.

  • The supply of existing-home listings rose 20% year-over-year to the highest count since autumn 2020, while the number of new-construction single-family homes on the market was the highest since 2008. Price reductions on active listings in July jumped 43% year-over-year.

  • Existing-home sales increased 3.5% from June and 4.6% from July 2023 but remained far below long-term norms. 

  • Approximately 62% of sales went into contract in less than 1 month (vs. 74% in July 2023), 24% sold over list price (vs. 35% last…

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Mortgage rates have dropped from nearly 8% last fall to around 6.4%—the lowest in over a year—unlocking buyer potential and sparking renewed interest in the Austin housing market. Home prices have plateaued at $450K, holding steady from last month but 2% down compared to last year. Meanwhile homes are spending more time on the market, averaging 63 days, and housing inventory has increased to 5.1 months, up from 3.7 months last year, giving buyers more options.

The market is poised for what some are calling 'The Great Unlocking.' Discover how these shifts in mortgage rates, pricing, and inventory could open the door for both buyers and sellers who have been waiting for the right moment to act. See the latest update on the Austin market at the link…

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Rodeos, Round Rock Express Baseball, Summer Musical Theater at Zilker, and much more are among the many exciting events taking place in August in Austin! And, don't forget there is always Barton Springs swimming pool to cool down during these long, hot summer days! See link below for all of the fun activities in Austin in August. 

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I am excited to share my designation as a founding member of Compass Austin Luxury Advisors. This group of distinguished real estate advisors was handpicked based on our proven track record selling luxury real estate. As an advisor in this group, I am positioned to maximize your real estate investment with unparalleled service and sophistication.


At Compass, we understand that luxury homes require a unique level of expertise and discretion. So, let's connect and start the journey to find your own special luxury home in Austin!

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 June 2024 Market Highlights

  • Year over year, the median single-family-home sales price and median condo/co-op sales price were up 4.1% and 2.6% respectively:  Both hit new highs. 

  • The supply of listings for sale rose 23.4% year-over-year to the highest monthly count in almost 4 years (though only slightly higher than in summer 2021 & 2022). 

  • The number of sales declined 7.4% from May and 13.4% from June 2023, while price reductions in the 2nd quarter jumped 52% year-over-year.

  • Approximately 65% of sales went into contract in less than 1 month (vs. 76% in June 2023), 29% sold over list price (vs. 33% last June), and 28% were purchased all-cash (vs. 26%). Median days on market to acceptance of offer…

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Check out my new listing in the Hudson Bend area of Lake Travis! This custom built luxury home offers unparalleled sunset views of Lake Travis that you have to see to believe! Built in 2022, this 5,400 sq ft cul-de-sac home sits on 0.73 acres in the prestigious Vista Grande community. Check out the link below for all of the photos and 3D tour!


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