The opportunity to buy a home in Austin here. If you've been waiting for the Austin real estate market to "cool down" before you buy a home, we should talk!
The number of home sales in Austin dipped compared to last year for the first time in years. Plus, the number of homes listed for sale has increased. These factors will give buyers a little more leverage to end this year.
Why a dip is good news
Austin has appreciated in value more than any market in the country over the past 10 years. That's awesome! It's allowed homeowners to make considerable profits on sales and still move up. Yet, a "normalizing" of the market is needed to ensure the market remains in great health. And yes, we're still very healthy.
What if you sell your home
Prices are up 5% market-wide over the past year and over $30K in median price from just two years ago. If you've owned your home for even a little while, you can still see some great profits! And, if you were to take advantage of the buying market today, you would be pretty strategic.
Check out this infograpgh with all the key stats, as published by Austin Board of Realtors.
What's the bottom line?
The bottom line is simple, if you've been thinking about buying a home in the Austin area, the iron is hot. The window is likely to close by the end of the year. Each year, we see activity pick up in January, so your timing is important.
If you choose to sell your home right now, you'll have equity if you've owned it for even a couple years. It's truly a great time to be making a move in Austin.
And of course we're here to be your guide through it all! Let's talk about how we can put this market to work for you. Schedule an appointment with us today.