Found 11 blog entries tagged as 2023.

With median prices down about 14% from their May 2022 record high, price reductions are again becoming more common in the Austin housing market. CODY BAIRD / ABJ

Austin Business Journal writes, "after a wild couple of years, the Austin-area housing market could be in store for a relatively modest 2023.

Realtor.com predicted that the volume of local home sales will actually fall 6.6% next year, compared with 2022, while prices will grow 3%.

Ashley Jackson, president-elect of the Austin Board of Realtors, said there's hope that more moderate adjustments are a sign of Austin's return to a normal, seasonal market — as opposed to the dramatics seen in 2021 and part of 2022, when Austin became one of the top pandemic relocation destinations.

Median home sale price in the Austin metro peaked at a record $550,000 in April and May, but had fallen to $474,990 by October, according to ABOR data. Winter is…

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