Stay Tuned!

Subscribe to our newsletter to get our newest articles instantly!

Real Estate

The Austin market is changing once again

Austin, TX- Over the past few years, Austin home prices have increased significantly, as have apartment rents, but some experts think a change is about to occur.

According to experts, Austin is the nation’s top market for apartment demand, and this demand is leading to an increase in apartment prices. The average cost of a two-bedroom home has increased by about 11–12 percent in the past year, to about $1,800.

In addition to the rapidly growing population, experts claim that rising property taxes, skyrocketing insurance costs, problems with the supply chain, and inflation are all factors in rent increases.

With new buildings opening week after week and even more on the way, experts say there is a small area of hope.

Many experts are predicting a shift from historic highs and a switch from a sellers’ to a buyers’ market for those looking to buy a home.

According to, the market in Austin, which also includes Round Rock and Georgetown, currently favors sellers but will switch to favoring buyers by July 2023. The lowest sale-to-list ratio is anticipated in Austin, which means it is more likely that sellers will accept a lower price than they originally listed their homes for.

In Austin, the anticipated median sale price is $594,893 and the anticipated median days on market is 21.

Popular Newz

Popular Newz

About Author

1 Comment

  1. Avatar

    Tater tot

    October 29, 2022


Leave a comment

Your email address will not be published. Required fields are marked *

In other Newz

Real Estate

Can I still rent an Apartment with a credit score under 550?

Find out what you can do to avoid having your rental application rejected because of your credit score.
Real Estate

Austin’s housing price correction. Cost of homes are declining at a quicker rate currently than it was in 2006.

Most housing experts acknowledge that this home price correction is more severe than it was in 2006, even though they