Buyers shopping in the Austin area this Fall can really save big. Here's why:
Market Activity in Austin's Residential Market
Market Activity in Austin's Multi-Family/Investment Market
A couple things to notice here are the increased number of price reductions in the Residential market and the more balanced market of Multi-Family listings. RTeh price reductions in the residential market were even more staggering over the last 90 days. Some say it's the election year stigma, and others blame it on "back to school" syndrome, but whatever the case may be, Austin has definitely seen a lull in the residential market. These charts show that Austin investors have been able to take advantage of the soft market and snatched up property at bargain prices.
While the residential market is slowly looking better this fall, as Realtors like myself education their cleints on why it's such a great time to buy, there is still time to take advantage of the Fall margins.
Most predictions for Austin's real estate market next year are expecting another record year, so you might as well take advantage while you can!
Broker Associate, Realtor®, BPOR, GREEN