Austin, Texas Market Update | October 2022

The real estate market has been on quite the upswing, and with that comes some interesting statistics.

Looking back at September’s numbers, we see some trends continuing.

Prices are still up a little bit - 78% higher than they were last year, however, we have seen them coming down overall from January. September saw a 20% decrease in sales and almost 100% increase in inventory.

If you are considering selling a home or buying a home today, the interest rates just hit 7.6%, which is the highest we’ve seen in quite a long time. We’re starting to see that where sales are slowing, prices are starting to adjust, if not drop down.

Whether buying now or in the future, we’ve got some creative loan programs to keep those interest rates down so that you can afford these price points still. As a seller looking ahead at how things will play out over the next year - is now versus 2023 something we need to discuss?

I’d love to talk with you about how our team can help!