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Why Now May Be the Best Time to Buy a Home in Austin

The Austin housing market is seeing a shift that buyers have been waiting for.
September 28, 2023
Line chart of months of housing inventory for the Austin, Round Rock and San Marcos metro and its counties, 2019 to 2025

When the Austin housing market adds inventory, buyers get something they have not always had: choices. For years, the story in Central Texas was low supply and heavy competition. When supply grows, conditions can look different, and that can be good news if you have been considering a move. Check current local numbers before you decide, and ask me if you want them pulled for your price range.

The short version

  • More inventory can give buyers more choices and more room to negotiate.
  • Rate changes can move your monthly payment, so get a quote on your own numbers.
  • Conditions shift, so check current local data before you decide.

More inventory can mean more options

When more homes are on the market, buyers have more room to breathe. Instead of rushing into bidding wars, you may be able to take the time to explore your options, compare neighborhoods, and find a property that fits your needs. Higher inventory can also mean sellers are more open to negotiation, which tighter markets do not offer.

Rates can change your payment

Mortgage rates move over time. Even a small change in rate can have a real effect on your monthly payment and overall affordability. When rates ease at the same time inventory grows, buyers may find a better mix of choice and payment than they had before. Ask a lender for a current quote on your own numbers.

Even a small change in rate can have a real effect on your monthly payment and overall affordability.

What a buyer-friendly market looks like

A market with more inventory and easing rates is what real estate professionals call a buyer’s market. Conditions like these do not last forever. As supply changes, competition can heat back up, so it helps to know where the market stands when you are ready to buy.

Buyers guide

The whole buying process is laid out in the Texas home buyers guide.

Why work with Ken Jackson

I work with buyers in both seller’s markets and more balanced ones. My job is to help you read current conditions, negotiate, and move through the process with fewer surprises.

If you have been waiting for the right time to buy, the useful question is whether the current numbers work for you. More choices and easier terms can both help, but neither is guaranteed to last. Talk to a lender and look at current listings before you decide.

Questions about this? Talk to Ken.

Call (737) 307-4848 or send Ken a message.

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