A year ago, in Home price increases … it's not just us, I discussed how the Austin area avoided the market bubble and subsequent downturn that affected so much of the US after the mortgage industry's near collapse in 2007. This chart from that post also showed that our area actually began to regain some lost ground while the S&P Case-Shiller cities' residential prices continued to decline in 2010 and 2011:

Now, I have updated the 10-city and 20-city Case-Shiller data and prices in the Austin metropolitan area, all through through November the latest available from S&P. I have re-indexed all of those to January 2012, the clear turn-around year from the last market downturn:

You can see that for most of that 10-year period, the slope of price growth in the Austin area and in the aggregated Case-Shiller cities were generally parallel, although pace of change in Austin's average prices surpassed both the 10- and 20-city Case-Shiller indices. The pace of change diverged in 2022, with both average and median price growth in the Austin area exceeding the Case-Shiller cities. (I commented on that about several months ago in another comparison with the Case-Shiller index -- Austin Metro Prices vs. Case-Shiller.)

Many market-watchers expect 2022 to be somewhat calmer than 2021, but with continuing supply shortages still complicating performance in virtually all market segments. See What to Expect in 2022 for some of that commentary.