The former pandemic boomtown of Austin, Texas, is still seeing sellers slashing the asking price on their homes by as much as 30 percent, with the city yet to fully recover from the aggressive blow it was dealt in recent years.
housing market between late summer 2022 and spring 2023, Austin saw the steepest home price drops in the country. Between July 2022 and April 2023, home prices in the city fell by 10.2 percent, according to the Zillow Home Value Index, while the national decline was only 1 percent during the same time frame.
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