Austin Tx Daily Real Estate Update! If you were waiting on rates to fall to buy, you’re likely to be disappointed. While early in the year there were projections to see low 6s/5s it doesn’t look like that will be the case, as today we hit 7.29% What does this mean? Austin's inventory will likely continue to increase as buyer's purchase power declines with increased rates. Seller's it's going to be even more important to price your home competitively as inventory starts to grow. The first two week's are the best chance at selling for close to list price. Afterwards your Today's #s Active: 2432 Under Contract: 1048 Closed (Past 30 Days): 692 Apr‘ 24 Closings: 193 Apr ‘24 Austin closed: 731 #austin #austinrealtor #austinrealestate #atx #realestate #austintx #onerentalatatime #realestateinvestor #realtor #texasrealtor #beecave #laketravis #austinisd #eanesisd #laketravisisd
@The_One_Realty Don't forget to add that 9/10 developers creating new product won't move a muscle. Why would I build in a high interest rate environment with less buyers? My ability to provide a the highest quality product is too expensive so inventory of quality deals goes down as well.