The last peak for the Lake Travis real estate market was back in 2006. The area had experienced quite the boom during that time — especially the market for new home construction.
Builders were having a hard time keeping up with the demand. Prices and sales volume for single family homes in Central Texas hit an all time high. That all came to a screeching halt when the mortgage market meltdown began in the summer of 2007 and continued to affect the housing market for several years.
The Lake Travis real estate market experienced prices at their lowest and inventory at its highest during 2009.
And then, slowly but surely, things started to pick up.