Austin’s housing market is beginning to rebound after several years of historic new supply. Though the headline vacancy rate remains high at 14.0%, it is a lagging metric that does not fully capture the structural transformation currently underway in Austin.
For the first time in this cycle, market demand has surpassed new supply. Over the trailing 12 months, absorption reached a record 19,649 units, outpacing only 16,793 new deliveries.
Read more of The End of the Supply Shock: Signs of Recovery Emerge in Austin, TX Housing here.