Report: Austin home prices cooling faster than anywhere else in US


A new report shows housing prices in Austin are cooling off the fastest this year compared to other cities that boomed during the pandemic.

The latest data shared Nov. 28 from real estate company Redfin showed Austin’s median price per square foot went up 1.3% year-over-year in October. Despite that slight increase, it is still 23 percentage points lower than what Redfin reported in February.

That difference makes it the biggest drop in home-price growth over other American cities such as Phoenix;…

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