HOUSING MARKET UPDATE ~ BUYERS GAIN LEVERAGE
SALES DECLINE. PRICES DECREASE. MORE INVENTORY.
Per?Austin Board of REALTORS?, the September ’22 Austin–Round Rock MSA housing market continued to return to normal activity with more available supply and a softer appreciation of home price growth.
? Home sales declined 18.5% to 2,992 closed listings.
? Active listings were up 162.4% to 9,671 listings—the highest number of active listings in the MSA since July 2011.
“Homebuyers have not had this much leverage and this many options in over a decade,” Cord Shiflet, 2022?#ABoR?president, said. “We’re still in a seller’s market, but as homes take longer to sell and are being bought for less than the original list price on average, and with inventory steadily increasing, right now is a great time to be a homebuyer in?#CentralTexas.”
Remember, too, that my preferred lenders are so confident that rates will drop in 2023/2024, they’re offering current buyers a refi-at-no-charge when the time is right.
Ping me here if you’d like to explore a purchase or to determine your property’s market value. I’m honored to help!