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market absorption

This tag is associated with 13 posts

First-half 2019 Market Performance

A few weeks ago I promised to update my market dashboard through June. I’ll add some comments later about the dashboard and about what how our market behaved January-June 2019. To start, here are the primary metrics I have watched for many years: The first chart isn’t as complicated as it looks. The orange line … 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

2018 Market Recap

2018 finished strong, and with low inventory conditions continuing 2019 looks like another fast-paced year in Austin-area real estate. I continue to believe we’ll see slower year-over-year price increases than in recent years, but I’ll keep you informed. Continue reading

Related news …

Interesting market views from Inman and the Austin American-Statesman … Continue reading

Market Dashboard – Austin area update

The most important feature of the current market cycle is that listing inventory has been at or below 3 months’ supply for virtually all of the past 5 years. This has been the longest-lasting “seller’s market” on record. Continue reading

2015 Market Summary

The real world of our fast-paced real estate market in Austin makes this post a couple of weeks later than I planned, but following up on my recent summary of Angelou Economics view of our community, I want to add a quick look at the residential market specifically. If you have attention to local media … Continue reading

What do you get for $200,000 in Austin?

Near the median sale price, we’re getting into “seller’s market” territory in many neighborhoods, but there is still a lot to choose from. Here’s an overview. Continue reading

Updated Austin Market Dashboard

Future market activity remains somewhat unpredictable, and much depends on the direction of the general economy and the nationwide real estate market. There is clear strength in the Austin/Central Texas market, though. Continue reading

Downtown Austin condos — pricing right to sell for more

Sellers who price right early consistently sell faster and for more money than those who have to reduce their prices one or more times to attract a buyer. Continue reading

Downtown Austin Condos — market environment

Market conditions vary widely among different segments of the downtown condo market, but overall it is over-inventoried and likely to stay that way. Continue reading