As homes sales decreased due to lack of inventory across the nation, Austin has stayed in it’s own bubble and proven to have its own market trends. What those trends tell us is that the next 2-3 weeks will be critical if you’ve considered selling. Although we continue to see steady action throughout the year, sales tend to slow down compared to now, at the “height of the season”. Once the fireworks sound off for 4th of July, home sales tend to quiet down.
In your favor now: there’s a prime audience of buyers. With summer breaks and out of town visitors, people are actively shopping. That window of time dwindles as everyone gets back to reality.
What you’ll want to note with the market statistics below from June-August 2016 is the fluctuation in median price for single-family homes and pending sales. A decrease in pending sales between these months shows us the slowing down of buying action. When buyers aren’t shopping, there’s a chance you’ll be adjusting the price on your home in order for it to stand out.
If you’ve considered selling or purchasing a home in the Austin area,...