Elizabeth Troval

And it also does mean that there is some downward pressure on home prices.

Redfin says this imbalance is particularly strong in the Sun Belt.

Redfin says this imbalance is particularly strong in the Sun Belt.

Matthew Teufke owns brokerage, property management, and investment companies in Austin, Texas.

Matthew Teufke owns brokerage, property management, and investment companies in Austin, Texas.

He says before, houses were going in hours.

He says before, houses were going in hours.

Now, he says, homes take around three or so months to sell.

Now, he says, homes take around three or so months to sell.

Vika O'Grady, who analyzes the housing data for Unlock MLS and the Austin Board of Realtors, calls these conditions a return to normalcy and says sellers will have to be patient.

Vika O'Grady, who analyzes the housing data for Unlock MLS and the Austin Board of Realtors, calls these conditions a return to normalcy and says sellers will have to be patient.

Most of them will still probably make money.

Most of them will still probably make money.

but they may not be making those sort of record-breaking figures that were out there a few years back.

but they may not be making those sort of record-breaking figures that were out there a few years back.

And while the market may be tilted towards buyers, O'Grady says... There's still demand for people who want to move to Austin, and some of those sellers are going to become buyers again.

And while the market may be tilted towards buyers, O'Grady says... There's still demand for people who want to move to Austin, and some of those sellers are going to become buyers again.

2025, she says, was a year of adjustment.

2025, she says, was a year of adjustment.

But if, say, job growth returns to Austin this year, she thinks that would help the market be more in balance.