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Update on “days on market”

Since 2014 Days to Sell has trended upward and selling has required more price reductions. It isn’t a concern at this point, but worth being aware of. Continue reading

Lake-area homes and lake water levels

The Highland Lakes are an important feature that makes the Austin area and the nearby Hill Country wonderfully attractive and enjoyable. They are also an important part of the region’s economy, and the water level in the lakes matters! Continue reading

Buyer Beware

The real estate industry has been battling wire fraud over the past few years. Here’s what you need to know. Continue reading

RE/MAX Housing Report – April 2019

RE/MAX publishes it’s housing report on or about the 15th of each month. They’re available at CentralTexasHomeSearch.com. Just go to Market News and then to RE/MAX Housing Report. The May 2019 report will be available soon, but here is the most current issue for now: You can always get my analysis and comments on Austin … Continue reading

Beyond price …

In Pricing to Sell I commented on the importance of pricing correctly in achieving a timely sale and getting the highest price that the market will allow. ” … Timely sale …” and “… that the market will allow ….” are critical to understand because regional market velocity is driven by broad supply and demand … Continue reading

Housing affordability in the Austin area

Earlier this year I wrote about the distribution of sales prices in Central Texas (Home Prices in Austin and More on Austin-area Home Prices). Since housing affordability is so often a topic of conversation these days, I want to offer some thoughts on that subject now. As a starting point, this chart shows the relative … Continue reading

Entering the 2019 selling season … with challenges

Demand is not the problem. We have a lot of new jobs being created and steady population growth. We simply don’t have enough homes to meet the demand, and the perceived price vs. value equation for many buyers got out of hand as a result. Continue reading

Market Dashboard – 1st Quarter 2019

As long as growing employers and their employees want to move here and are willing to accept the challenges that come with fast growth, we may well have a couple more years ahead like the last couple. Buckle up! Continue reading

Days to Sell by Price Range

The percentage of total unit sales in the $200,000 to $400,000 range grew from 46% in 2014 to 62% in 2018, and to 66% in the 1st quarter of 2019 because the availability of homes under $300,000 fell dramatically. Continue reading

1st Quarter 2019 – Market imbalance continued

There is no sign now of the kind of disruption we saw in 2007-2008. We are simply being held back at this point by a shortage of housing available for sale. Continue reading