Austin absorbed a post-2020 influx that pushed prices up 75% in three years. That supply/demand mismatch has now fully unwound. Inventory has normalized; new construction that was pre-sold in 2021 is hitting the market as resale with zero scarcity premium. Tech-sector layoffs concentrated in ATX thinned the buyer pool further. Prices are down 14% from the 2022 peak, underperforming Houston, DFW, and San Antonio. The thesis isn't dead; the price entry is 20-25% better than two years ago.
Market Insights
Austin's Correction Is Real — Here's What the Data Actually Says
Down 1.8% YoY in Q1, 14% off peak, and inventory at 2019 levels. The Austin story has turned. A metro-level look at what went wrong, where it bottoms, and whether the entire Sun Belt thesis needs rethinking.
Market InsightsMarch 28, 20268 min