Will Austin Home Prices in 2024 rise or fall? Shannon Mangin with the Mangin Team at Real Broker discusses the current and future trends of the Austin, Texas real estate market. It explains that the Austin market follows a seasonal pattern, with prices typically bottoming out in January and then rising through the spring and summer. The video suggests that prices are currently on an upward trend, and may continue to rise due to potential interest rate cuts by the Federal Reserve. However, the video also acknowledges that the market has cooled compared to the peak of 2022, but is still relatively strong. The video advises potential buyers to consider their longterm plans and to work with a real estate professional to understand the nuances of the local market.

The Austin real estate market follows a seasonal pattern, with prices typically bottoming out in January and then rising through the spring and summer.

Prices in Austin are currently on an upward trend, and may continue to rise due to potential interest rate cuts by the Federal Reserve.

While the market has cooled compared to the peak of 2022, it is still relatively strong, and potential buyers should consider their longterm plans and work with a real estate professional to understand the local market.