A Market in Transition
The Austin-Round Rock real estate market has experienced a clear shift from a hot seller’s market in 2022 to a more balanced or even buyer-favorable market in 2024. With prices declining, inventory increasing, and days on market lengthening, buyers now have more choices and negotiating power than they did just two years ago.
Looking ahead, if mortgage rates stabilize or decline, the market could see a return of more buyers. However, if economic uncertainty persists, sellers may need to further adjust pricing and offer incentives to attract buyers. Investors and homebuyers alike should watch interest rate movements and economic indicators closely as they could dictate the next market shift.
