

Covid-19 brought a huge demand in Austin real estate but also a shortage of materials and workers. With new homebuilders unable to keep up with demand, both new and resale home prices spiked. This spike has caused many buyers and seller to wonder if these high prices are here to stay or if they’ll drop down to pre-spike levels. If the past 30 years tells us anything, it’s that Austin home prices rarely drop, instead, they tend to plateau for a few years after big runups in prices.