The national rise in mortgage rates has undoubtedly made a splash. For potential buyers, these rates have made home ownership a more expensive endeavor. For sellers, the challenge lies in finding buyers who can meet their price expectations in this new financial climate.

But don’t let this deter you. The Austin real estate market is resilient and dynamic, and there are still plenty of opportunities to be found!

The Austin Real Estate Market in 2023

Here in Austin, we’re noticing a trend of price reductions. This trend is a result of decreased demand, as many home sellers initially aim high with their listing prices. However, when homes are priced correctly, they are selling swiftly, indicating that buyers are still active and ready to invest when they find the right opportunity. This is a testament to the enduring appeal of Austin’s real estate market and the expertise we bring to the table at Creath Partners.

This trend underscores the importance of pricing strategy in today’s market. Sellers who understand the current market dynamics and price their homes accordingly are finding success.

So, if you’re a seller, don’t be disheartened. And if you’re a buyer, this could be your chance to find a great deal.

To learn more about the current state of the real estate market and how to navigate it, check out our latest blog post, which shares the latest national market trends and economists’ predictions for the future:

Click here for the “National Real Estate Market Update for 2023.”

And remember, we’re here to help you make the most out of today’s market. Don’t hesitate to reach out with any questions or to schedule a free consultation. Let’s work together to turn the challenges of the 2023 Austin real estate market into opportunities.