The Austin real estate market is the best it's been for buyers in the past 5 years. Not since 2012 have we seen these conditions. If you've been considering buying a home in the Austin area, your opportunity to take advantage of the market is now.
Buying a home now has benefits that we've not seen in years. Here's a few of the advantages buyers have right now:
- Lower home pricing increases from last year (only 4%)
- More homes on the market
- Longer average days on market
- More months of inventory
- Interest rates are planned to increase in early 2018
And, we don't expect these trends to last much into 2018 - except the interest rates. We have already spoken with dozens of people that wish to move next year. What's that mean? The market is likely to become flooded with buyers again early in the new year. That will mean increases in offers and ultimately prices.
The window for buying a home with these 5-year-best conditions is closing in, yet you still have time should you wish to take advantage.
Call us to schedule an appointment to find out how you can capitalize and buy a home.
Check out the latest market statistics from Austin Board of Realtors here:
If selling your home is part of your plan, worry not. As you can see, home prices are up from this past year. If you've lived in your home for more than 2 years, you could still make a sizable profit should you choose to sell.
Curious how much your home might sell for today? Get a custom home pricing report prepared by hand from us.