With prices skyrocketing and demand outpacing supply, it might seem like there's never a great time to buy a home in Austin.
But there may be a sweet spot. According to Realtor.com, prime home-buying season is fast approaching nationwide, and the best time to buy in the Austin-Round Rock metro is a one-week span from Sept. 19-25.
Austin will join I-35 neighbors San Antonio and other national markets including Washington, D.C. and Chicago in reaching their peak that week. The five-county metro could see up to 13% more listings and 22% fewer page views per listing when compared to its peak. Austin should also see significant price drops: the week should see median listing prices drop nearly 5% below the peak and have 1.6% more price reductions when compared to the average.
With listings lasting 34% longer than on peak weeks, it could be a prime opportunity for homebuyers to slide into that increasingly high barrier of entry.
Danielle Hale, Realtor.com's chief economist, says the coming weeks will be especially beneficial for first-time homebuyers.
"Home prices peaked in the summer, and new listings continue to come on the market helping slow the pace of sales—which is good news for homebuyers," Hale said. "As families across the country focus on getting back into school routines, there are fewer buyers in the market, creating a great opportunity especially for first-time homebuyers to make a purchase with somewhat less competition."
The study comes after the latest Austin Board of Realtors report shows Austin home sales dropped for the first time since May 2020 in July. Residential home sales in the metro dropped by 9.9% and the median home price in the city of Austin dipped slightly from $575,000 in June.
ABoR MetroStudy Regional Director Vaike O'Grady said that the market could begin to cool from the heat of early summer. But with record year-over-year median housing prices in July, O'Grady said the housing market will not slow down in the long-term anytime soon.
"Seasonality has a hand in the increasing home sales growth across our region and nationally," O'Grady said. "If you're looking to buy or rent a home, don't miss this opportunity to take advantage of the market's slower pace. If you're looking to sell, don't mistake this dip as a cooldown—it's still an excellent time to sell a home."
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Show your love for Tito's and for the community this year with a wide selection of not that ugly, uglyish, ugly, uglier, and ugliest holiday sweaters.
There's lots choose from, and plenty of accessories like scarves and socks, plus gear for your dog, too.
All of the items can be purchased online or at the Love, Tito’s Retail Store in Austin, TX. 100% of all net proceeds from online or in-store purchases go to one of the nonprofits we’ve teamed up with.
🗓 All weekend
Check out this highly anticipated art exhibition with illuminated art along Waller Creek. Tickets are free and the event includes food vendors, dazzling lights, live music, and hands-on activities
All weekend 6 p.m - 10 p.m | 📍Waterloo Park
This iconic holiday tradition lights up for the first time this holiday season starting this weekend! Reserve your spot for an enchanting light and sound performance, delicious hot cocoa, sweet treats, and some overall fun with your friends or family. The show runs till January 6th.
6 p.m and 9 p.m | 📍Mozart's Coffee Roasters - 3825 Lake Austin Blvd, Austin, TX 78703
This fitness event is free and open to the public. Get your morning started right with a "Fitness in the park" class for kickboxing! The class will be led by certified instructors and is a great way to get a cardio workout in while also honing your self-defense skills.
10 a.m - 11 a.m | 📍 Metz Park
Support local LBGTQ+ and female artists at this outdoor market with over 150 vendors. Get your holiday shopping out of the way at this event, with vendors for food trucks, handmade goods, raffles, hands on workshops and activities, and more.
Did someone say cheese?! If you're like me and always willing to get your hands on a bowl of mac and cheese, then this event is for you. Check out the Mac and Cheese festival happening this weekend to decide which vendor has. the best mac and cheese for yourself, and enjoy the bar with creative cocktails while you're at it. Tickets start at $45.
11 a.m - 3 p.m | 📍Lantana Place - 7415 Southwest Parkway