Market has peaked for the year, still mostly a Seller’s Market

August 15, 2012 by · Leave a Comment 

Austin is projected to add 600,000 people by 2020 and an additional 800,000 people by 2030.

In 18 years metro Austin will reach 3 million people!

This continuous population growth at the time of a major US recession combined with less

than normal new construction has made Austin a “Sellers Market” for homes below $600,000.

A Seller’s Market is defined as one with high buyer demand that results in slowly rising prices.

Good and well priced homes in this seller’s market usually receive an offer in a few days.

That is Austin, now. However as we enter the Fall months and relying on 8 years of history to

predict, expect demand to decline and home values again to stabilize.

To view the 13 page August Market Report click here.

 

About Laura

Laura is a third generation native of Austin who grew up in Tarry Town in Central Austin. She is the owner and broker of West Austin Properties and has been selling real estate in the Austin area since 1979. Laura is married to the love of her life, Brad, and they have two grown daughters. Together, they love to explore all of the fun spots Austin has to offer.