A top-producing real estate team in Austin has left Keller Williams Realty to establish its own independent brokerage. Broker Kasey Jorgenson, who spent 16 years at Keller Williams, announced the launch of Jorgenson Real Estate. Keller Williams is known as the largest franchise in the industry by agent count.
The Jorgenson Group was ranked second among Austin teams by the Austin Business Journal from 2019 to 2023. In 2025, the group recorded $75 million in sales across about 190 transactions.
Kasey Jorgenson commented on trends affecting large brokerages and independent teams: “I don’t see how these huge companies that have brick-and-mortar and local support staff — I don’t see how they can afford to give the agents the value that they should be getting now. Not many Keller Williams market centers are hugely profitable.”
Jorgenson Real Estate enters a challenging housing market in Austin. Since peaking in 2022, home values have declined more than any other major U.S. metropolitan area. The median home price dropped from over $575,000 in 2022 to about $490,000 in 2025, according to Zillow.
Jorgenson said that while data may show a balanced market, many homeowners who want to sell have not succeeded: “At multiple points last year, about half of the properties that were active on the market were vacant. And that wasn’t counting new construction,” Jorgenson said. “We consider them as people that, quote-unquote, have to sell.”
Home inventory levels also remain tight despite some increases above six months supply—the traditional threshold for a buyer’s market—with most periods since the Great Recession operating below four months supply.
Jorgenson noted a trend where many sellers choose to rent out their homes instead of selling them: “We opened up a property management side because we were tired of sending those people elsewhere. [Renters] saturated the condo market, especially,” Jorgensen said.
This shadow inventory could return to the for-sale market during 2026.
Austin’s housing supply recently reached its highest level of the year (https://therealdeal.com/texas/austin/2024/06/13/austin-housing-supply-hits-highest-level-of-the-year/) as reported by The Real Deal.
