At KXAN, we're keeping track of home prices, and several other data points, to help buyers and sellers stay on top of trends ...

An analysis and chart by Redfin tells the Austin story. The wave of demand for housing in Austin has subsided. From Redfin, screen capture by author. ... Rising home prices.

Year-to-date home sales price data from the Austin Board of Realtors show a 12.6% decline in median price for homes in the five-county Austin region compared to the first four months of last year.

This dynamic is painfully evident in data from Altos Research, and it’s most obvious in Austin. The year-over-year median price change in “baby San Jose” turned negative at the end of 2022.

Inventory in Austin continues to run above pre-pandemic levels, putting downward pressure on home prices, which have fallen to -13.8% below peak, the largest gap of any market.

This searchable chart shows home price changes in 384 largest U.S. housing markets. ... Austin is down 5.5% on a year-over-year basis, and down 13.9% since its 2022 price peak.

Home prices are down in Austin after soaring to new heights last year. The median sales price in the area was $466,705 last month, down 15 percent from $550,000 in April 2022, ...

Home prices and rents are down significantly in Austin, a pandemic-era boomtown. But the slowdown is actually a sign of a healthy market.

In May 2022, the median list price of a home in Austin reached a peak of $539,900. According to Moody's Analytics, homes in the Texas city were overvalued by 63.7 percent in the first quarter of 2022.

Median sales prices in the metro skyrocketed to a record-high $550,000 last April, and are down by about $83,000 a year later.