Goodbye 2023, Hello 2024! | Austin Real Estate Update January 2024
Posted by Eric Peterson on
Hello everyone! I hope you are all doing well. I just wanted to take a moment to wish you all a happy New Year, and to share some thoughts on what we can expect from the real estate market in the coming months.
Looking back on the past year, it's clear that the real estate market has undergone some significant changes. Unlike the uncertainty we faced at the start of 2023, we're now seeing a more positive and optimistic market environment.
In a recent market update, I delved into the current trends and explored factors shaping the landscape. Austin, in particular, has seen a 13.9% decrease from its peak and a 5.5% decline from last year, contributing to a more balanced market.
One significant change is the shift from the intense…
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