Reasons to Sell This Season

Friday, December 16, 2022   /   by Sarah Thompson

Reasons to Sell This Season

Supply is Still Low

 

While the number of homes on the market has increased, inventory is still low overall. The Real Estate Center at Texas A&M has established that a balanced market is when inventory reaches 6.5 months. The data provided by The Austin Board Of REALTORS® is compiled in the graphic below from 2020-November 2022. As can be seen, the Austin-Round Rock service area has just over 3 months of inventory. What does this mean? It means that if no other homes were to come on the market, there would be no more available homes after 3.1 months (based on November numbers). This is less than half of number that The Real Estate Center indicates would lead to a balanced market.

 

Serious Buyers Are Out Looking

 

While buyer demand has moderated from the high levels we saw in 2021 and earlier in 2022, there are still buyers searching for their first/next home. Many are hoping to avoid falling into the rental trap for another year as rental rates have risen to high levels. Buyers also are no longer having to rush into a home and are able to search for a home that meets their needs in the current Austin market.

Inventory by Month Austin-Round Rock MSA.png

1210 Cottonwood Creek Trail, Ste 530
Cedar Park, TX 78613

Based on information from the Austin Board of REALTORS (alternatively, from ACTRIS) for the period through 2024.® IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data last updated: June 13, 2024
Based on information from the Austin Board of REALTORS (alternatively, from ACTRIS) for the period through 2024.® IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data last updated: June 13, 2024
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