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
What Does A Market Shift Look Like
Dated: October 24 2016
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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 ~ firstname.lastname@example.org
Website ~ bill.buyinginaustin.com ~ @AustinTxHome ~ LinkedIn