Austin Housing Market Update: More Buyer Leverage, but Is It the Right Time to Buy?

The Austin housing market is giving buyers more room to negotiate—but affordability remains a challenge. Derek Peterson and mortgage expert Kyle Carrington break down what’s changing, where prices are adjusting, and what today’s market may mean if you’re planning to buy or sell.

They discuss Austin’s growing inventory, price reductions, homes competing with new construction, and why some buyers are finding opportunities in neighborhoods they once thought were out of reach. They also compare today’s housing market with 2008 and explain how homeowner equity shapes the current outlook.

In this episode:

• What rising inventory and longer days on market mean for buyers

• Why resale homes near new construction may face extra competition

• How price corrections are creating new opportunities in areas like Circle C

• Why today’s market differs from the 2008 housing crisis

• How to weigh buying now against waiting for mortgage rates to change

• Why getting pre-approved and understanding monthly costs matters before you shop

Whether you’re buying, selling, or keeping an eye on the Austin market, Derek and Kyle offer a grounded look at the numbers, the risks, and the opportunities, without pretending anyone can perfectly time the market.