Austin Texas Metro Single Family Home Statistics May 2 2016

Austin Texas Metro Single Family Home Statistics May 2 2016

                                             Austin Texas Metro Single Family Home Statistics May 2 2016

April has past and May is underway. This year is passing quickly for sure. Just consider public schools finish the year this month, summer is upon us, vacation planning is moving toward the front of our minds. Single family homes are in high demand to say the least! If you are considering buying a home you and your agent must be prepared to act quickly. 


Here are the statistics for the last week: Available: ~ 5973    Under Contract ~ 4823    Sold Last 4 weeks ~ 2079


When the activity is at this level, it is a must that a buyer be ready to act quickly. What does this mean for you if you are looking to buy?

1) Find an agent that monitors the market daily and is not encumbered with "another job." The days of accumulating possible homes for a week or two and then going out to see them later is a loosing situation. You need an agent that can go NOW not later.

2) Having secured a qualification letter from a lender is a must. Submitting an offer without supporting documentation is a nonstarter. 

3) Composing an offer isn't just a fill in the blanks process, there is an art to making your offer stand out. Multiple offers are quite common and how your offer is constructed could make or break your chances.

4) If you found a house appealing others did too. After consulting with your agent about the comparable activity put your best foot forward with a well constructed offer. Just a couple weeks ago I was able to get an offer accepted for a client against multiple offers without having to battle the "send your highest and best offer" which recent history tells us just drive the price much higher. NO, we didn't just make a ridiculously high offer to begin with. My client's offer was at list price while others (I was told after closing) were over list price.


On a personal note, May 1 marked my 9th anniversary as a full time REALTOR® here in the Austin Texas Metro!  I have been a resident of the Austin Texas Metro since 1982. Helping clients make a great decision on where to buy and what price to pay is my passion. I hope to help you some day.


Morris "Bill" Austin ~ REALTOR®~ Team Price Real Estate

Serving Sellers and Buyers in the Austin Texas Metro since 2007

Direct ~ 512-709-6343 ~ Email ~ bill@teamprice.com ~ bill.buyinginaustin.com


Bill Austin Headshot
Author:
Phone: 512-709-6343
Dated: May 2nd 2016
Views: 175
About Bill: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

3113 Fontana Dr B Austin Tx 78704 - Open House Sunday 12 to 3PM 
You DO NOT Need 20 Down To Buy Your Home NOW - The Aspiring Home Buyers
Safe And Happy July 4th 2018 ATX Style - Parades, fireworks, and live music
Listing Of The Month - Just Listed in Northwoods at Avery

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Team Price Inc.
7320 N Mo-Pac Ste 305
Austin, TX
512-270-7326
888-643-9502