March Madness in the Austin Real Estate Market
March 18, 2013 by Laura Duggan · Leave a Comment
The Austin real estate market is hotter than we’ve seen it in many years. Inventory is low, low,
low and demand is super high fueled by people migrating to our city and by those wanting to
make their move as the school years winds to a close.
We are seeing multiple offers, bids over asking price and disappointed buyers who didn’t do their homework in advance.
What does this mean for you? If you’re a seller, congratulations, your timing couldn’t be better.
If you’ve been waiting to put your home on the market until prices rebounded, now is the
time. Catch the wave of the spring market and historically low interest rates and maximize your
equity. If you’re a buyer, do your homework in advance and be ready to make a strong offer.
Have your financing in place and get that pre-approval in writing. The market is brisk so be
ready to act when that perfect property hits the market. By the way, we keep a list of “silent
market” properties—those not yet on the market. So, check with us for those too.
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Take a look at all of the statistics for our market on our March Market Report.
