Our September numbers are in, and we'd like to provide you with a quick market update on the Four Points area.

Prices continue to decrease, about 9% lower compared to this time last year. The average sale price for the whole area crossed just over a million dollars last year, but currently, it's at $760,000 as of September.

What's noteworthy is that the overall inventory has decreased by almost 15% compared to last year. This means we have the lowest inventory levels we've seen in a while. However, the number of days a property stays on the market has increased. It went from 60 days last year to 95 days today, which is about three months.

We are still in a seller's market, but we're moving a bit closer to a buyer's market. As interest rates stabilize and stop rising every month, we anticipate that buyers will become more accustomed to these prices. We believe we'll see more sales in 2024 than we did in 2023.

If you have any questions about what's happening in the market, whether it's the right time to buy, sell, or make improvements, please consider us as a resource for you. We have valuable data to share. You can reach us at 512-261-1000 or visit AustinTexasRealEstate.com.

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