As 2016 comes to a close what are the numbers telling us? Available homes inventory has dropped from recent trends. The number of homes under contract has dropped. The number of closings in the last 30 days is within the recent range. There have been recent factors that play into these changes.
The Seasonal change seems pretty typical. Many people just don;t want to have their home open to showings during the holidays. I would only say to sellers that folks who are looking for a home to buy at this time are doing s for a reason, not just looking around.
Every four years durig the presidential election cycle one portion or the other gets uptight. I think it would scare me more if 80% of the people voted for one candidate. Would seem to be step toward a king/queen.
The recent rise in interest rates isa hard one to figure out. The rate hike seemed a little kee jerk to me. Yes, the FED has kept us in suspense for over a year on what they will do. This week's FED meeting (12/13 & 14) will be interesting. While some parts of the economic data look positive others are less so. Has anything really changed since their last meeting?
Here are the current trend lines.
Available Single Family Homes: 5866 ~ Hoes Under Contract: 3348 ~ Homes Closed Last 30 Days: 1848
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Team Price Real Estate ~ Austin Texas Metro
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This is a Great House! In Round Rock West Subdivision. Lis
"We moved to the Austin area in early 2017 and Violet was instrumental in helping us find our first home. She was readily available to show us neighborhoods and homes as well as taking our calls and answering questions. She helped us throughout the entire process and always had resources & statistics for us to review. My husband is a finance guy -- so he appreciated having numbers to analyze as well as home-price comparisons between neighborhoods. She was attentive to our preferences and made great efforts to satisfy each one.
We were both new to Austin and to the process of buying a new home, after having rented for numerous years. Violet is very knowledgeable as to the process of buying a home and we didn't have any uncertainty about what to expect or what was next. Violet is also a great resource as to each neighborhood including details as to the schools, shopping & community.
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