School's out and Austin is finally open for business. Whether it's catching an Austin FC game or enjoying your favorite patio restaurant, it's nice to be able to get out and enjoy what this city is all about. After what was a record breaking span of six months, Summer has brought us a slight cooling period in the market.
The latest market stats directly from the Austin Board of Realtors are highlighted below including both May & June. The first thing you'll notice is that the median sales price is still up dramatically from last year - over 40%. Inventory levels are still really low, although July is showing an increase in inventory. Some of the factors that will effect inventory levels for the rest of Summer and Fall include how well homes are priced (not over pricing is very important), if the amount of relocation continues at a steady pace, and how "back to school" schedule affects market movement. If you're a burned out buyer looking for a second chance, now is a great time to enter the market, and if you're a seller that perhaps has been waiting on a peak you might be seeing it now. Either way, it's a great time to start a discussion with your favorite Austin House Company real estate expert to determine the next best steps.
New Homes are also back! The first half of the year was cutthroat even when it came to buying new homes. Huge waitlists and bidding situations have been the norm. As material costs settle and builders gain more control of the strong buyer season, they will be able to offer more opportunities for building your dream home. While construction schedules are still expected to be extended, you will have the opportunity to lock something in. CALL US ABOUT NEW HOMES, WE CAN HELP!
Having an experienced REALTOR® in your corner is absolutely paramount in this market. Being able to spot the "deals" (yes they are out there), knowing how to best present your offer and being able to negotiate on your behalf are just a few of the things that our agents can help with. Lumber prices are creeping downwards and interest rates are still amazing, so if you're a buyer it's still your time to take advantage of this upwards moving market. As a seller, YOU ARE IN CONTROL, but, don't get complacent. Please reach out to us about our marketing plan, which ensures you will reap the benefits of this strong market and make every dollar you deserve on the sale of your home. You can call our office at (512) 412-3564 or message us on Facebook, Instagram, or Twitter. We're ready and eager to help!