Happy Thursday, Y’all! It’s that time of the month — the latest year-over-year housing market statistics from the Austin Board of Realtors (ABOR) are here, and I’ve included a quick snapshot of these numbers down below.
The market is continuing to normalize, and despite a decrease in the “hot” record-setting numbers we saw this time last year, the market still remains very active with moderating home prices, strong pending sales and properties selling closer to list price. All of these factors make for a healthy and balanced market!
On the selling side, inventory might be up, but homes are still selling very well when priced right and presented effectively. Plus, Austin’s strong job and population growth is continuing to help with buyer demand, and the city is still outperforming compared to other national trends!
For buyers, this normalizing market and increased inventory is particularly advantageous, especially for first-time homebuyers who may not have been able to buy property over the past few years. If you (or anyone you know) are looking to buy in Austin for the first time, this is truly an ideal time to find and purchase the dream home you’ve been waiting for!
If you have any specific questions about the current market, please reach out. I know there are many real estate headlines out there that can be misleading when it comes to Austin real estate. So it’s important to talk with a realtor who is directly informed on what’s accurately going on in the market so you can successfully make the right buying and/or selling choices for your personal and unique housing needs. Let me know if you’d like to chat!
