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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Morris "Bill" Austin ~ REALTOR® ~Austin Board of REALTORS®
Team Price Real Estate ~ Austin Texas Metro
Serving Sellers and Buyers in the Austin Texas Metro since 2007
Open House Saturday and Sunday 12 to 3PMSpringdale Hills Spacious Ranc
"Young First-Time Homebuyers - August 2015
We had the good fortune to be recommended Violet's services this summer when we decided to purchase a house in Austin and cannot overstate how helpful, resourceful, and determined she was through the entire process.
We went into our search with high expectations for our intended budget and some less than common requests and Violet was not only unfazed by this, but immediately sought to rise to the challenge. She responded to calls and emails at practically all hours of the day from when we first contacted her until we closed, and even when we became frustrated or discouraged never wavered or slowed down searching for us.
She never hesitated to give us honest opinions even when it wasn't what we wanted to hear, and saved us from more than one serious mistake by doing so. She was unflinching and uncompromising dealing with sellers representatives and always made sure to protect our interests. And she helped us compromise between ourselves on difference we hadn't even thought about before she brought them to our attention.
We've been home owner's for just over a month now thanks to Violet and are incredibly happy with the property she helped us acquire. If you are searching for a realtor who simply will not give up you need look no further."