EarLY SUMMER BRINGS RECORD BREAKING VALUES AND SUPER LOW RATES!
In May, we saw the highest median home price in the Austin area - EVER! The number of new listings is down, and so is the number of active listings as more and more buyers flood the market. Pending sales are up 8% year over year, and this number may see an increase this Summer as super low interest rates are boosting buyer confidence. The May 2019 stats report shows that unit sales increased by 6% to 3,452 when compared to May of last year. Sales volume totals for May were a strong $1.5 Billion up 15% year over year. Inventory stays low as pending sales continue to rise.
For those investors out there, it might be worth a look at your interest rates. Even investment loans are very affordable, so if you're looking to expand your portfolio or maybe look at options for increasing your cash flow through lower rate financing, now is the time.