Found 6 blog entries tagged as austin home market.

The latest statistics on the Austin home market shows that home inventory is reaching 5.9 months, making it a buyer's market. There are over 12,000 homes for sale, selling at an average of 93% of their original list price. Not surprisingly, Realty Austin Compass sell on average for 97% of their original list price. Despite the elevated inventory, affordability remains a challenge. 

See the latest update on the Austin market at the link below. 

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As we move into fall, Austin’s real estate market is seeing a surge in available homes and a drop in prices. With the number of homes for sale up 15% and median prices down 4% compared to last year, buyers are gaining more options and negotiating power. Homes are also staying on the market longer, averaging 70 days, putting added pressure on sellers to price competitively and offer concessions to attract serious buyers. With mortgage rates dropping to their lowest point in over a year and inventory growing, buyers are finding more purchasing power to secure a home at a better price. This report will cover what you can expect this season – from industry changes to why early fall might be the best time to buy or sell in Austin’s housing market.

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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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In May, the Austin-Round Rock-Georgetown area saw its highest housing inventory in 13 years, offering buyers more options and the ability to be more selective. However, higher mortgage rates have balanced the market, impacting buyers' purchasing power. Sellers are navigating a complex market where strategic pricing and understanding buyer behavior are more crucial than ever as home prices remain flat and housing inventory rises. See the latest update on the Austin market at the link below.

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The latest Austin housing market statistics show that the number of new homes hitting the market increased by 26% compared to last year, providing buyers with more options in today’s market.  The Austin housing supply now. stands at 4.3 months, up from 3.2 months last April. Check out the Realty Austin link below for the latest information on the Austin housing market as of April 2024.

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The inventory of homes in Austin is increasing as more homeowners are putting their homes on the market in anticipation of the summer buying season. The Austin housing supply stands at 3.8 months, up from 3.1 months last March. Check out the Realty Austin link below for the latest information on the Austin housing market as of March 2024.

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