Howdy, Neighbor.
If you don't invite us we won't be offended, and this might sound silly, but we're really hoping for a dinner party at your new place.
Now, it's no secret that the housing market in Austin is currently undergoing a correction. After seeing record increases in housing during the pandemic, the market is now leveling off somewhere in between where things went and where they began. We know it's not rocket science but it is worth researching things from a local perspective. Let us help you navigate the trends.
Lets get started finding your dream home in Central Texas.
Pythagorus: "Bless us, divine number, who generates Gods and men. Numbers contain the root and source of eternally flowing creation." Indeed, numbers don't lie. Here are some basic ones when considering the housing market in Austin and Central Texas:
$443k
Median Sale Price
83
Avg Days on Market
Slow and steady goes the residential market.
38.5%
Homes With Price Drops
20.6%
Homes Sold Above List Price
Folks who bought into the market recently don't want to lose their investment, but many have been selling at market price successfully. For buyers, a so called crash doesn't seem to be eminent. However, with 38.5 percent of homes selling below what they were originally listed for, there is still viable opportunity.
There are still 150+ people moving here per day.
74% of Austin homebuyers searched to stay within the Austin metropolitan area. Roughly half are coming from California, with Chicago, Dallas accounting for the majority of the other half. As far as we can tell, prices will remain as long as there this influx of new folks continues. Between the beginning of march 2023 and the end of May, the California numbers were as follows:
1,678
Folks from San Franscisco
768
Folks from Los Angeles
