Austin Real Estate Market Low Inventory and Competitive Pricing

A picture is worth a 1000 words... These two graphs sum up the Austin-area real estate market. On the left, you have the number of active listings vs. sold listings for the City of Austin. BEFORE COVID hit, we were at 30% less than our normal inventory to sell. Today, we are half of that! You will notice that sales are outpacing listings. With the pre-COVID low inventory, historically low interest rates and the impact of COVID, there is very little inventory. New home builders have stopped selling to investors so that homebuyers needing homesteads have an opportunity to purchase, with 8-12+ months build times! On the right, you have closed price to list price for zip code 78749, in which I help a lot of families. This graph shows homes going 4% over list price. In reality, we are experiencing upwards of 15% over list price and higher. If you are thinking of selling this year, you are in a unique position, let's talk. If you are a buyer, we will work with you to make your offer as compelling and competitive as possible.