What’s Happening in the Austin Real Estate Market?

    [x_video_embed type=”16:9″][/x_video_embed]

    What is happening in the fall market?

    Want to sell your home? Get a FREE home value report
    Want to buy a home? Search all homes for sale

    Right now, Austin is in a seller’s market with only four months of inventory. In other words, if no new homes came on the market, the current housing inventory would sell out in four months. A balanced market typically has around six months of inventory.

    Prices are still going up. Compared to last year, prices in the Austin area are up 5% to 10%, depending on which specific area you are looking at.

    Meanwhile, interest rates are near all-time lows. You can get a 30-year fixed rate for 3.25%.

    All of this means that we are in an interesting market right now. It is a good time to sell your home because prices have increased, so you can cash out on your equity. However, it is also a good time to buy because mortgage interest rates are so low and it’s so cheap to borrow money right now.

    If you have any questions about buying or selling a home, or if you’d like to know more about our current market, give me a call or send me an email. I would be happy to help you!

    Trackback from your site.

    Leave a Reply