What's the current Austin House Market? Which Seller or Buyer's market? What was look like the inventory last quarter? Anybody share the information here! Thanks!
@Jake Bryant I just got a house under contract Friday for $350,000 off list price in North Austin
@Jake Bryant Strong seller's market, inventory is at about a month. The whole country is in a strong sellers market
Nice One! Even with hot market? right? Is it distressed?
@Jordan Moorhead - What does mean inventory is at about month? Med prices SFH homes in Austin?
Here's the data you're looking for click the link . "1 month inventory" means homes are selling at a rate such that if no new homes are added to the market, we will have 0 homes available or 0 inventory in 1 month. For reference- healthy inventory levels or a balanced market is 6 months of inventory.
Definitely still a seller's market. Low inventory and high demand equals increasing home values. I'm not an Austin agent, but work in a similar market in Denver, so we see the same dynamics here. Also, a client of mine is a great investor-friendly agent in Austin. She said it's not quite as crazy as it was earlier this spring/summer, but that's like saying falling off a 1,000' building is less high than a 1,500' high building. It all hurts.