06/07/2024
Don't get too excited just yet! Austin was only down 3% from last year, and San Antonio a mere 1.2% from 2023. Overall, the national housing prices are up 4% and the markets are struggling to provide enough homes for sale. The inventory was at 3.8 months' worth of supply, well below the six to 6.5 months that experts say is needed for a healthy housing market. So this is a good time for sellers to still get strong, reasonable sales price for their homes and realize significant equity gains while the market may be shifting more into a buyers' market. If you're buying or selling, give us a call!
Home values in certain cities in the state have decreased.