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. Currently, demand is high and inventory is low across ALL Zip Codes and Areas! The average and medium prices of […]
Lowest Sales, Highest Pendings, Fewest Listings Historically during October, November and December the number of sales and number of homes for sale decreases each month. Our market is continuing to follow this pattern. (See Charts 2 and 3 of the December Market Report for a six year review.) Compared to the prior month, November sales […]
The Austin real estate market continues to strengthen: higher demand (sales) with a stable inventory (homes for sale). With interest rates not changing, current high occupancy rental rates and positive inward mobility the average/medium value of 85% of the homes in Austin have stabilized. In some areas, price ranges and zip codes we are seeing […]
Filed under Market Reports, Real Estate Trends · Tagged with Austin, Austin home market, Austin Real Estate, Home Buying, Home Values, housing update, Katy Duggan, Laura Duggan, Market Report, West Austin Properties
After a surge of construction a few years ago, no new major downtown-area condominium projects are on the horizon. We asked developers of five major projects for updates on how sales are going. Combined, the projects have more than 1,000 units. 1. Barton Place 1600 Barton Springs Road 85 of the 270 units have been […]
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