There have been three homes sold in the Dripping Springs market over the last 30 days, continuing a six-week negative trend. Also during the same period, the number of new listings totaled one, the fewest since July. In comparison, Austin had 945 new listings in the same time frame, the most of all nearby cities. Furthermore, a six-week downward trend in sales is expected to continue over the coming weeks. The median sales price dropped to $369,000, down from last week's $400,500.
Looking for an affordable home? Check out these inexpensive listings in Dripping Springs: