Y’all, it feels like Austin’s real estate market has hit the pause button. We’re the Jorgenson Group, reporting from the heart of this great city, ready to break down why things have cooled off—without any panic, just honest sass and helpful insight.
First off, inventory has bloomed like Texas bluebonnets in spring. In early 2025, active listings surged nearly 20%, pushing inventory near the six-month mark that signals a buyer’s market is in town. What does that mean? Buyers suddenly have choices, not just a “good luck” lottery ticket on a house. Sellers, grab your pricing spreadsheets—your strategy just got put to the test. (Source: Austin American-Statesman)
1. More Homes, Less Hysteria
Inventory isn’t the only thing climbing—so is the number of homes cooling off on price. According to Parcl Labs and Realtor.com, almost 45% of listings saw price cuts, and only about 22% sold each month—a clear sign demand is, well, taking a nap. The market isn’t hatching a crash—it’s just getting comfortable with reality. (Source: MySanAntonio)
2. Prices Taking a Chill Pill
Home values are easing back to earth. The Freddie Mac Home Price Index shows a 15% drop from Austin’s 2022 peak, marking the steadiest slide of any major U.S. metro. And let’s not forget the ICE data: home prices are down a whopping ~20% from their pandemic peak—ouch. Buyers, pop the champagne—prices are finally giving you some wiggle room. (Sources: Team Price via Freddie Mac, Team Price ICE Index)
3. Rent's Gone on Vacation
Meanwhile, rental prices are cooling off faster than margaritas at Zilker Park. A Redfin study found that median asking rents dropped 8.8% year-over-year, and a 22% total drop from their 2023 high. Maybe new apartments aren’t being built fast enough anymore, but saturation from the past boom is helping renters win for now. (Sources: Express News, New York Post)
4. Everywhere’s a Buyer’s Market—Including Austin
Austin just joined the club: it’s officially a buyer’s market, along with the likes of Miami and Orlando. That means more than 7.7 months of housing supply—a stark shift from the mad dash of the last few years. In plain English: buyers, you’ve got the upper hand again—in heels or booties. (Source: New York Post via Realtor.com)
5. Why It’s Not “Bad”—Just Different
So, does “market down” sound dire? Not at all. This is a natural cooldown after 2020–22’s fireworks show—Austin’s had one of the fastest surges in history, and now it’s catching its breath. If you’re buying, it’s time to mosey in. Sellers—flexible pricing and strong marketing (cue our team’s specialty) will ensure your home gets noticed and celebrated.
The Jorgenson Group Takeaway
Austin’s market isn’t crashing—it’s recalibrating. Inventory is up, prices are cooling, and renters are seeing relief. Overall, it’s a welcome return to a more balanced, stabilized market.
Need hyper-local intel or strategy? We’re the team with the data, the humor, and the hometown heart to help you thrive—even when the market hits snooze. Just say the word, and we’ll bring the coffee and insights.
