What Does A Market Shift Look Like

Dated: October 24 2016

Views: 239

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

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

Thai Cuisine On Parmer Lane

Eating out has been a luxury in the last year, and meeting friends even more of a treat.After working with clients on a beautiful Sunday, I met a friend for an early dinner at Thai Cuisine. He had

Read More

Is The Real Estate Market Going To Crash

While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last?When COVID-related shutdowns began in March, real estate brokers and

Read More

2021 Austin Texas Real Estate Market Is A Bubble

Or is it?Elon Musk recently said in an interview: “It’s going to be the biggest boomtown that America has seen in 50 years”– Austin American Statesman February 12, 2021, and was speaking

Read More