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Hey there, it's Gene Arant with Keller Williams Realty. I wanted to share the latest market update for the Four Points area based on our July numbers. We've seen a 10% decrease in prices compared to last year, with the average sale price now hovering around $850,000. Inventory has also increased by 37%, which, while not extreme, is notably higher than in recent years.

This tells us that homes are selling when they’re priced correctly and have the right updates. If you have any questions about what you should be doing with your home—whether you're planning to sell now, next year, or even five years from now—please don't hesitate to reach out. We have great resources and can provide you with valuable, free information to help you make informed decisions about your home investment.

On the buying side, interest rates have dropped from 8% to 6.4%, which significantly improves your buying power. There’s even a chance the Fed might lower rates further, potentially bringing them under 6% by September. If you’d like to discuss strategy on buying or selling, feel free to contact me at 512-261-1000 or visit AustinTexasRealEstate.com.

Looking forward to helping you navigate the market.

Talk to you soon!

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