Summer is here. The enticing pull of crystal-clear water to plunge into as Texas starts to reach its peak temperatures has begun. Just as Texas starts to heat up, so does the pull to look at homes for sale with pools. Real Estate in Austin has about 3.5 months of inventory. There just aren’t a lot of homes to choose from in general. Add homes with pools for sale to the mix and there are even fewer. Continue reading
Austin real estate news from Doreen for June is here. In May, median home prices dropped 15% to $467,500, year over year, according to the Austin Board of REALTORS® latest Central Texas Housing Report. The Austin Round Rock MSA housing inventory reached 3.4 months. The Central Texas market as a whole appears to have stabilized a bit for now. Mortgage rates are still a bit of a wild card right now. While it is still a sellers’ market, buyers are comparison shopping, sellers are negotiating and builders are still offering incentives.
The current Austin real estate market is a seller’s market, but with a small pool of buyers, sellers don’t hold all of the cards. There are enough homes for sale in Austin for buyers to have options and with choices there is power. This market is unique and Austin is still weird. Continue reading
Austin real estate news from Doreen for May is here. In April, median home prices dropped 15% to $466,705, year over year, according to the Austin Board of REALTORS® latest Central Texas Housing Report. The Austin Round Rock MSA housing inventory reached 3.2 months. Central Texas is outperforming national trends while continuing to balance
Resales vs new builds, home selling decisions, interest rates, home buying decisions, and builder incentives, the spring real estate market is just about over as we start to dip our toes into summer. You can see the market light up with the increase in listed homes and pending sales. Inventory is hovering at about 3 months in most counties in Central Texas. While it is still a seller’s market, it is also a bit of a make-it-work market with everyone feeling a bit like a squirrel in the middle of the road.
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Austin real estate news from Doreen for April is here. In March, median home prices dropped 13% to $450,000 year over year, according to the Austin Board of REALTORS® latest Central Texas Housing Report. The Austin Round Rock MSA housing inventory reached 3.0 months. Additionally, a rise in new and active listings suggests that the current market conditions are advantageous for both buyers and sellers.
Looking to unlock the secrets to finding luck in today’s real estate market? Find tips for home buyers and advice for selling a home here. There’s been talk about the market slowing because it has. Talk about inventory growing because it is. However, it is important to note we aren’t quite in a market where a buyer is picking their neighborhood. Continue reading