Mortgage rates have dropped from nearly 8% last fall to around 6.4%—the lowest in over a year—unlocking buyer potential and sparking renewed interest in the Austin housing market. Home prices have plateaued at $450K, holding steady from last month but 2% down compared to last year. Meanwhile homes are spending more time on the market, averaging 63 days, and housing inventory has increased to 5.1 months, up from 3.7 months last year, giving buyers more options.

The market is poised for what some are calling 'The Great Unlocking.' Discover how these shifts in mortgage rates, pricing, and inventory could open the door for both buyers and sellers who have been waiting for the right moment to act. See the latest update on the Austin market at the link…

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Rodeos, Round Rock Express Baseball, Summer Musical Theater at Zilker, and much more are among the many exciting events taking place in August in Austin! And, don't forget there is always Barton Springs swimming pool to cool down during these long, hot summer days! See link below for all of the fun activities in Austin in August. 

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I am excited to share my designation as a founding member of Compass Austin Luxury Advisors. This group of distinguished real estate advisors was handpicked based on our proven track record selling luxury real estate. As an advisor in this group, I am positioned to maximize your real estate investment with unparalleled service and sophistication.


At Compass, we understand that luxury homes require a unique level of expertise and discretion. So, let's connect and start the journey to find your own special luxury home in Austin!

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 June 2024 Market Highlights

  • Year over year, the median single-family-home sales price and median condo/co-op sales price were up 4.1% and 2.6% respectively:  Both hit new highs. 

  • The supply of listings for sale rose 23.4% year-over-year to the highest monthly count in almost 4 years (though only slightly higher than in summer 2021 & 2022). 

  • The number of sales declined 7.4% from May and 13.4% from June 2023, while price reductions in the 2nd quarter jumped 52% year-over-year.

  • Approximately 65% of sales went into contract in less than 1 month (vs. 76% in June 2023), 29% sold over list price (vs. 33% last June), and 28% were purchased all-cash (vs. 26%). Median days on market to acceptance of offer…

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Check out my new listing in the Hudson Bend area of Lake Travis! This custom built luxury home offers unparalleled sunset views of Lake Travis that you have to see to believe! Built in 2022, this 5,400 sq ft cul-de-sac home sits on 0.73 acres in the prestigious Vista Grande community. Check out the link below for all of the photos and 3D tour!


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