A big issue with the downtown market right now is over priced listings. A conversation recently where they said they’ve been seeing values drop 30%. This was specific to a particular listing that was significantly over priced to start. Right now, on average, condos are closing at 7% below their original list price. We are down ~1% year over year in closed values.

• Austin continuing with Project Connect - despite some legislative efforts that could have hindered the buildout, Austin’s light rail system is moving forward on schedule.

• Check in on the Convention Center demo (video) - six city blocks of the previous convention center continues making progress towards its 2029 spring opening.

• Austin seeking public input for lighting plans - have an opinion on some improvements in lighting downtown to improve safety, security, mobility, quality of life, equity, and environmental sustainability?