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Elgin housing market in flux

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Local housing prices have stabilized after skyrocketing for months on end, but future developments and steady growth may lead to new challenges, experts warn.Like many towns in the greater-Austin area, the Elgin housing market experienced surging costs, minimal days on market and ultra-competitive bidding. However, Elgin has pivoted to become more of a buyers market over the last six months as prices and overall demand have decreased.“We were in a seller’s market six months ago,” said Elgin real-estate agent Jeanette Shelby. “Six months ago, we had 10 listings in Elgin. Right now, we have 144 houses on the market. 80 out ...

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