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Just after I posted Trends to Watch, commenting on changes in the Central Texas real estate market, I found a very good article from Inman in my inbox that covers the national outlook:

Inventory is rising, home prices could flatten in 2019
But don’t expect homes to get cheaper anytime soon with demand remaining high

Strong demand in the Austin area is preventing real inventory build-up, but prices flattening here in the coming year or two may well be a fact.  Our Months’ Supply metric was 3.0 months in September 2018, the same as September 2017 and only slightly higher than 2.8 months in September 2016.  Moreover, all other monthly inventories were consistently lower in 2018 versus the same month in 2017.

There was also a related article in this morning’s Austin American-Statesman:

Austin-area Homebuilding pace slows in third quarter

Home prices in the city of Austin’s are pushing buyers farther and farther into the suburbs, and availability of build-able residential lots and permitting processes in some areas have slowed building starts.

The issues highlighted in both of these articles will remain important in the months to come, and I’ll keep an eye on them.

About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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