what is happening is Austin 78750

[Diane G.]

So a good friend is leaving Bay Area for Austin TX because of the housing price... 

So I took a look at zip 78750 where she bought a new home for $700K....I can't help to noticed that MOST of the listing in that zip have gone thru 1 price reduction, some have like 5 reductions....

What is going on? is that normal?

[Jason Hsiao]

Totally normal. List/sold price is not the only indicator of health of the market, which is what I'm guessing you're trying to get at. There's DOM's, median sale price, # of pending/closed sales vs active listings. There is a lot more supply coming online in Austin though, which again I consider normal. Market fluctuates, but the sky is not falling, at least not in Austin. People should be careful even though the fundamental economics growth in Austin is still extremely strong.