Market has peaked for the year, still mostly a Seller’s Market
August 15, 2012 by Laura Duggan · 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.
