Central Austin

Austin’s economy continues to grow each year. Currently, it is ranked as the 22nd largest in the country while being the 2nd fastest growing. Similar to other major hubs for software development, we’ve seen a real estate boom with the median home average rising from $350,000 to $550,000 in the last 2 years. Though this could also be attributed to the eclectic entertainment offerings from SXSW and ACL to Eeyore’s Birthday to the warm climate and copious spaces for outdoor fun, or maybe it’s because of the official Live Music Capital of the World slogan. The great news for buyer’s is that, while we are still in a seller’s market here, we are settling into a more normal climate. Per Cord Shiflet, the president of Austin Board of Realtors, “Homebuyers have not had this much leverage and this many options in over a decade”.