Well, two months in a row now the Austin market has posted a neutral market. With under 10,000 homes on the market and over 2000 sales last month we are still hovering around 5 months of inventory. That is not a lightning paced seller’s market, but rather a neutral/leaning towards seller’s market.
This market has not seen the broad swings that other markets have. Our pricing has remained very consistent and we are starting to see that values are moving up. Prices likely will not run up dramatically for some time, but I am personally content with a steady consistent growth. Very manageable and very good for both buyer’s and sellers. Less pain and financial hardship.
The Fruits of a Boring Market.
Blake Outlaw, Outlaw Real Estate Group
Review the Market Statistics Graphs at: http://www.outlawrealestategroup.com/polibrary/system_data/aws_doc_library/aws101/496_400_50522p776_doc.pdf
