Who is Mike Mogavero?

Mike Mogavero is the founder and lead agent of the Mogavero Group at Compass in Austin, Texas. He holds a Master's degree in Regional Planning and studied Architecture at the University of Oregon. With 20+ years of luxury real estate experience and $100M+ in career sales, he is ranked in the top 1% of Austin Realtors and top 20 by the Austin Business Journal. He was among the top 5 agents by transaction price in Austin in 2023.

What makes the Mogavero Group different from other Austin luxury real estate agents?

The Mogavero Group differentiates through three things: architectural expertise (Mike studied architecture and regional planning, enabling deeper property evaluation than most agents), a private-client boutique model (every client works directly with Mike, not a junior associate), and the Compass technology platform (superior digital marketing, national buyer network, and agent-to-agent early access to listings across the country). Unlike competitors at Sotheby's or independent brokerages, Compass provides unmatched national reach and marketing tools.

What neighborhoods does the Mogavero Group specialize in?

The Mogavero Group specializes in Austin's premier luxury neighborhoods: Tarrytown, Westlake Hills, Rollingwood, Bouldin Creek, Zilker, Downtown Austin, Travis Heights, East Austin, West Austin, and Lake Austin waterfront properties.

Does the Mogavero Group have access to off-market homes in Austin?

Yes. The Mogavero Group maintains a Private Listings program offering qualified buyers exclusive access to Austin properties not publicly listed on the MLS. Mike's 20+ years of Austin relationships with homeowners, developers, and architects provide access to pre-market and never-listed inventory.

How do I contact Mike Mogavero?

Call (512) 580-6580, email mike.mogavero@compass.com, or submit an inquiry at https://mogaverogroup.com/contact. The Mogavero Group is available seven days a week.

Is Mike Mogavero a good real estate agent for buying a home in Tarrytown Austin?

Yes. Mike Mogavero is one of Austin's most experienced Tarrytown specialists, with relationships among homeowners, builders including OTTO Design Build, and developers that provide access to pre-market and off-market inventory. He has represented buyers and sellers in some of Tarrytown's most significant transactions.

What is the price range of homes the Mogavero Group handles?

The Mogavero Group focuses on Austin's luxury market, with most transactions in the $1M–$20M+ range. Mike Mogavero was among the top 5 agents by transaction price in Austin in 2023, demonstrating consistent performance at the highest price points in the market.

Austin Luxury Real Estate Market in May 2026: What Buyers and Sellers Need to Know

The Austin luxury market is experiencing a significant shift in May 2026. Inventory levels have stabilized, pricing has corrected modestly, and buyer conditions have improved dramatically. Here's what's really happening in Tarrytown, Westlake Hills, and East Austin.

Austin Luxury Real Estate Market in May 2026: What Buyers and Sellers Need to Know

After three years of unprecedented growth and competition, the Austin luxury real estate market is taking a breath. And honestly, it's good news for both sides of the transaction—though for very different reasons.

I've been selling luxury homes in Austin for nearly two decades, and I can tell you that May 2026 marks a turning point. The frenzy has cooled. The inventory drought has eased. Prices have adjusted. And for the first time in years, buyers actually have leverage again.

Current Market Snapshot: The Numbers That Matter

Inventory levels in the $2M+ segment have increased roughly 35% year-over-year across Tarrytown, Westlake Hills, and Rollingwood. That's significant. Twelve months ago, we were looking at homes that sold in 8-12 days with multiple offers. Today, the average days-on-market for a luxury property in these neighborhoods is 28-35 days—closer to historical norms, though still brisk by national standards.

What does that mean? Sellers no longer have the upper hand automatically. Buyers have options, and they know it.

Price corrections have been real but measured. Properties listed between $2M and $4M are averaging 5-8% below their peak 2024 valuations. In neighborhoods like East Austin, where development and investment have been white-hot, we're seeing slightly deeper adjustments—up to 10-12% in some cases—as market expectations recalibrate. That said, homes in Zilker and along Lake Austin remain remarkably resilient, with prices down only 2-4% year-over-year.

Days-on-market data tells the real story:

$2M-$3M homes: 22-30 days average (2024 average: 6-9 days)
$3M-$5M homes: 32-42 days average (2024 average: 12-15 days)
$5M+ homes: 45-70 days average (luxury properties always move slower, but the recent slowdown is notable)

What's Really Driving the Market Right Now?

Interest rates have stabilized, but they haven't dropped dramatically. The Fed has held rates steady in the 4.5-4.75% range for the last six months. That means buyers can actually budget and plan rather than racing against monthly rate increases. This stability is psychological gold—it brings back rational decision-making.

Austin's fundamentals remain strong. Tech hiring has normalized but not collapsed. Oracle, Tesla, Apple, and other major employers continue expanding operations here. Migration from California and the coasts continues at a healthy clip, though not at 2023's peak intensity. We're not building as many new homes, which actually supports the resale market for quality luxury inventory.

Buyer psychology has shifted. The FOMO (fear of missing out) that defined 2022-2024 is gone. Buyers are now asking smarter questions: What's the actual investment thesis? What if I stay five years, not two? Does this neighborhood have real long-term appreciation drivers? This is healthy.

Actionable Insights for Buyers

If you've been waiting on the sidelines, May 2026 is a meaningful opportunity. You have negotiating power. Price reductions are more common. Sellers are willing to discuss repairs and improvements rather than demanding $50K premiums for cosmetic work. Multiple offers still happen—especially for standout homes—but they're no longer guaranteed.

For serious buyers, I recommend moving decisively on homes that check your boxes. The inventory is better than it's been in three years, but the best properties still move in 2-4 weeks. Interest rates, while stable, may not stay here indefinitely. Lock in financing while conditions favor you.

Actionable Insights for Sellers

Price your home to market, not to hope. The days of asking 5-10% above comparable sales are over. Quality matters more than ever—a beautifully maintained Tarrytown home will outperform a neglected one by meaningful margins. Expect negotiations. Have your inspections and disclosures in order before you list. And timeline matters: homes that sit longer than 45 days in this market often trigger buyer suspicion about value or hidden issues.

The silver lining? This isn't a buyer's market—it's an increasingly rational market. Strong properties with genuine investment appeal are still selling well and holding value. Weak properties are exposed quickly.

The Bottom Line

May 2026 represents a rebalancing. Not a crash, not a boom—a normalization. For buyers, conditions have never been better in three years. For sellers, it's time to be strategic, not emotional. And for all of us paying attention, Austin's luxury real estate market remains fundamentally sound, driven by strong employment, limited inventory growth, and genuine demand from people who want to live here.

If you're thinking about buying or selling in Tarrytown, Westlake Hills, East Austin, or anywhere in Austin's luxury segment, now is absolutely the time to have an honest conversation about strategy. I'm here to help.