[austlar1]

Austin asking prices seem much more realistic than those seen earlier in the year. I would guess prices have dropped by about 15% from the insane highs of March and April. There are more homes on the market, and the houses are staying on the market a good while longer. It is rare now to see existing homes sold pre-listing or within the first two weeks of going on MLS. Sales remain brisk. There are still a lot of cash buyers and new arrivals eager to purchase. That might begin to slacken, if a recession emerges or layoffs pile up around here.