Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars—for
Not JUST Austin Feeling The Pressure For More Homes
Dated: February 25 2017
Views: 156
In its latest market report, the Austin Board of Realtors released statistics showing a lack of inventory of homes for sale, not only in Austin, but in surrounding areas - driving prices up and making it increasingly difficult for a lot of buyers to afford even modest homes.
Brandy Guthrie, president of ABoR for 2017, stressed that the, “range of home prices available in local market areas are slowly trending upward, changing the local profile of what homes and price ranges are considered ‘affordable.' Single-family homes priced for entry-level homebuyers are increasingly harder to find throughout the region.”
The low levels of inventory being experienced in Austin are now pushing out into surrounding counties, which drives up prices throughout the area as people are pushed to pay more and more for less and less.
On the plus side, if you're thinking of selling, we can get plenty of interest in your property. Call me if you'd like to discuss it in more detail.
Kate Ward
Team Price Real Estate
512-771-4931
kateward@teamprice.com
Sanju Easow
As a realtor, my customers' needs and concerns are my number one priority. My mission is to be available to my customers and to work with their best interest in mind all the time. At Team Price we ....
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The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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