What Does A Market Shift Look Like

Dated: October 24 2016

Views: 223

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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 ~ bill@teamprice.com

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



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