Here's to the Moms + Austin Market Recovery

“God could not be everywhere, and therefore he made mothers.” - Rudyard Kipling

This is a hard time for a lot of moms. And a magical time. And a confusing time. And a scary time. And a beautiful time. For most of the moms I know, it’s all of those things all at once. During this pandemic, I know all moms are doing even more than usual: more work, more caring for children and relatives, more home-schooling, more comforting, more problem-solving, more juggling, more cooking, more making everything okay for everyone. And we love and appreciate you today and every day!

Real Estate Update

What's happening now in Austin Real Estate?

Austin MSA (week-over-week, ending May 3rd)

Pending homes up 10.9%
New listings up 21.3%
Homes sold up 32.5%

City of Austin (week-over-week, ending May 3rd)

Pending homes up 14.4%
New listings up 25.9%
Homes sold up 20.8%

I have some positive news for you since some restrictions have been lifted. This is the second week in a row of data trending up for Austin real estate. Is it possible we've already moved past the low point in the Austin real estate market? We're seeing signs of recovery with an increase in pending sales, closed sales and new listings....and LOTS of buyer demand. In the last week, we're even seeing a significant increase in live-and-in-person showings of occupied homes (done with precautions, of course.)

Why Is Activity Increasing?

Pent-up demand from the last 2 months
Low interest rates (lowest ever in history)
Relocations are still strong (now more than ever)
Investors are returning (more foreign ones, too)
More millennials are entering the market
Austin is a FABULOUS place to call home!
People are more optimistic

New construction has slowed and many sellers are still waiting on the sidelines. This combined with the above list is why I predict prices will continue to rise in Austin, Texas!

Diminished Supply + Increased Demand

= Higher Prices

Relax, Refuel, and Rewind

with these ideas for Mother’s Day

DIY Skincare:

Bring the spa home for mom this year with these simple (and pantry friendly) DIY skincare recipes. With instructions to create hydrating face masks, exfoliating scrubs, rich and nourishing creams, and more, mom is sure to be glowing for the next week.

Breakfast in Bed Recipes

From French toast smothered in berries to a healthy(ish) spinach eggs benedict - start mom's morning with a cup of coffee and a full stomach from any of these delicious breakfast recipes. Just be sure to handle the cleanup too!

Take Your Mother For A Drive

While Circuit of the Americas is technically closed, they’ll be opening their gates from 12 p.m. to 5 p.m. on Sunday, May 10, to give people a chance to try out the course for free. Donations are encouraged and will benefit the Central Texas Food Bank.

Recreate One of Her Favorite Photos

Find an old photo and recreate it as best as you can! Whether you recreate her favorite picture of you as a kid or even a younger photo of her, she will be sure to love the nostalgic gesture.

The John and Lauren Show

Would you like to hear more about what is happening with the Austin real estate market and with mortgages right now? Our own Lauren LeBlanc got you covered! Listen to The John and Lauren Show at 6:00PM tonight on 590AM or 99.7 FM. Or subscribe to the Apple podcast here.

Just Listed

11304 Birlandier Court

Southwest Austin

3 Bed | 2.5 Bath

Lauren LeBlanc

Broker Associate,

Ellevé Property Group

(512) 921-5678
[email protected]

The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.

Here's to the Moms + Austin Market Recovery

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