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days on market

This tag is associated with 16 posts

Our changing market

The pace and intensity of the residential real estate market skyrocketed in the first half of 2021, but has calmed a bit in recent months. Important details …. Continue reading

Recurring theme:  sales, listings, and higher prices

The supply of homes for sale increased slightly in April, but Austin home prices have gone up faster in 2021 than at any time in at least 40 years, maybe ever. Is there an end in sight? Continue reading

More on market velocity

Think quick sales and multiple offers are only a problem in your home search? Think again. Quick sales and multiple offers affect the entire Austin area. Continue reading

Market pace during Covid? Fast!!!

If you’ve been house-shopping over the past few years in the Austin area you know that it can be frustrating, with homes going under contract before you can get an offer submitted. It’s not your imagination … Continue reading

Market Pace and Pricing

Following up on discussions of increasing Days to Sell and resulting changes in regional home price appreciation … Continue reading

Pricing to Sell

Buyers may begin to think that if a listing lasts too long there must be something wrong with the property. They may make a discounted offer or simply choose not to see it at all. Both options cost sellers real money. 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

Is Austin different?

I continue to expect some flattening of the Austin-area market in 2019, but January and the first quarter will tell us whether December’s drop was just exaggerated holiday seasonality or a sign of more to come. Continue reading

Market moving toward “normal”?

Resistance to increasing prices correlates with increasing Days to Sell, but doesn’t indicate a sharp downturn for our market.  Indeed, this is the way a healthy, properly-functioning market works. Continue reading

Market Dashboard Update, 3Q 2018

Market economists remain confident in our strong market conditions through 2019 and into 2020, and I agree.  Inevitably, however, we will see prices moderate, interest rates increase, “days on market” grow, and inventory begin to catch up with demand. Continue reading