Market has peaked for the year, still mostly a Seller’s Market

August 15, 2012 by · Leave a Comment 

Austin is projected to add 600,000 people by 2020 and an additional 800,000 people by 2030.

In 18 years metro Austin will reach 3 million people!

This continuous population growth at the time of a major US recession combined with less

than normal new construction has made Austin a “Sellers Market” for homes below $600,000.

A Seller’s Market is defined as one with high buyer demand that results in slowly rising prices.

Good and well priced homes in this seller’s market usually receive an offer in a few days.

That is Austin, now. However as we enter the Fall months and relying on 8 years of history to

predict, expect demand to decline and home values again to stabilize.

To view the 13 page August Market Report click here.


About Laura

Comments are closed.