A leading real estate team in Austin has left Keller Williams Realty to establish its own independent brokerage. Kasey Jorgenson, who had been with Keller Williams for 16 years, has launched Jorgenson Real Estate. The move comes as the industry sees increasing consolidation and changes in how brokerages operate.
The Jorgenson Group was ranked second in Austin by the Austin Business Journal from 2019 to 2023. In 2025, the group handled about $75 million in sales across roughly 190 transactions.
Jorgenson cited industry shifts as a reason for starting the new firm. “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 said.
The launch of Jorgenson Real Estate comes during a challenging period for Austin’s housing market. According to Zillow, since peaking in 2022, Austin has experienced a larger decline in home values than any other major U.S. metro area, with median prices falling from over $575,000 in 2022 to about $490,000 in 2025.
Jorgenson noted that while official figures may suggest balance in the 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.”
Despite occasional increases above six months’ supply—the traditional marker of a buyer’s market—Austin’s inventory had mostly remained below four months since the end of the Great Recession.
Jorgenson also observed that many sellers opted to rent out their homes instead of selling, which he believes will lead to more properties returning to the market in 2026. “We opened up a property management side because we were tired of sending those people elsewhere. [Renters] saturated the condo market, especially,” Jorgensen said.
Austin’s housing supply recently reached its highest level this year as more homes become available on the market.
