From Boom to Balance — The Five-Year Journey of Austin’s Condo Market

Title: From Boom to Balance — The Five-Year Journey of Austin’s Condo Market

Austin’s condo market has been nothing short of dynamic over the last five years. From rapid price escalations in the early 2020s to a slower, more balanced environment in 2025, the narrative has shifted — and smart buyers and sellers are adapting accordingly.

The Boom Phase
Fueled by historically low interest rates, a wave of in-migration, and demand for urban living, condos in Austin soared. Sellers saw multiple offers, quick turnarounds and significant appreciation. The luxury high-rise market in particular captured headlines.

The Peak & Shift
By 2022-2023 the market hit its stride and began to transition. Supply increased (including new-construction condos), mortgage rates rose, and buyer urgency moderated. While prices remained elevated, the momentum slowed.

The Recalibration in 2024-2025
Today we are in a more tempered environment. For much of the condo segment:

• Median sold prices are still up year-over-year (e.g., ~$460K in March 2025 vs ~$383K a year earlier) Austin Neighborhoods

• Inventory is higher (~8.5 months supply for condos in March 2025) Austin Neighborhoods

• Days on market are longer and sales volumes in some months are lower.

What this means for you

• If you’re selling a luxury condo: highlight the design and lifestyle premium your property offers. You’re not just selling walls—you’re selling an elevated living experience in a recalibrated market.

• If you’re buying: we are less in the era of fear-of-missing-out and more in the era of making strategic moves. You have time, choice and leverage.

• If you’re marketing: use this story. Show how the luxury condo market has evolved and how your expertise keeps clients ahead of the curve.

Bottom Line
The boom of the early 2020s is behind us—but the opportunity hasn’t disappeared. The luxury condo in Austin is still a compelling asset, especially for buyers and sellers who understand it’s a market of refinement now rather than frenzy.