Elgin housing market in flux Posted in: News 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 ...PLEASE LOG IN FOR PREMIUM CONTENT. Our website requires visitors to log in to view the best local news. Not yet a subscriber? Subscribe today!