What Does A Market Shift Look Like

Dated: October 24 2016

Views: 249

Image title

Check out this awesome home! Quiet Hill Country Living with views, acreage, wildlife, horses welcome all in a beautiful home. Click goo.gl/608Dv9

What Does A Market Shift Look Like?

I had the pleasure of meeting up with another agent at his Rotary club luncheon last Thursday. The guest speaker was a well known and respected industry analyst, Mark Sprague. He presented his 2016 Economic Forecast as well as a good bit of side discussion.  In a nut shell what I took away from mark's presentation was in line with my own opinion as well as the real estate stats I track closely. If you are interested in getting a copy of Marks forecast just give me a shout. 

Here is the trend line...

                                                                            May 2, 2016        July 25, 2016           October 24, 2016

Available Single Family Homes For Sale             5973                     7298                              6940

Homes Under Contract                                         4823                     4733                               3775

Homes Sold Last 4 weeks                                     2079                     2542                               1976

Inventory is building, contracts are dropping as are closings...looks like  trend to me. For an in depth discussion about your real estate questions give me a shout.



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

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

Website ~ bill.buyinginaustin.com ~ @AustinTxHome ~ LinkedIn

 

            



Latest Blog Posts

Could Rising Home Prices Impact Your Net Worth

Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line.Among its many impacts, COVID-19 has had a pronounced effect on the housing.

Read More

Finding A New Home For Your Next Stage Of Life

Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. Not pretty, right? For most of us, our housing needs are cyclical.1 A newly

Read More

Goodnight Bread Co In South Austin

I absolutely love to patronize small businesses.A few months ago my neighbors, Jennifer and Ryan, started a small business selling sourdough bread. I tried it and was sold!This bread is delicious!

Read More

Can I Buy Or Sell A Home Without A Real Estate Agent

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

Read More