If someone dramatically overpaid in the peak of 2022 and didn't sell in 2023 when rates were at their highest than the chances are they will be fine in the coming year.

So, the housing market in early 2025 is mirroring the price point seen at the beginning of 2024.For some broader context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:Compared to the recent price peak in June 2022, the median single-family home price in Austin is down approximately 12%.

So why would you pay even close to what they paid at the peak of the market in 2022?

I believe now is a peak of the prices there.

@Ashley Miller - our experience in Banner Elk with STR has been multiple peak seasons (Ski, Summer and Fall).

While this suggests that inflation is proving stickier than anticipated, it remains well below the peaks seen in 2022 and 2023.

We raise the capital for purchase and rehab through real estate investors looking to earn as much as possible in an easier way.

(rents also peaked from $1900 to $2600 in 2 years)Sale Price  -             $360K - $370K in the area for same kind of units.            

Finding a good tenant in non-peak leasing season in Oklahoma is not for the faint of heart, especially depending on where the house is located.

While home prices have cooled slightly from their peak, affordability remains a significant barrier.According to the National Association of Realtors, homes in the U.S. spent an average of 36 days on the market in January 2025, a slight increase from last year but still well below historical norms.