Real Estate Market Trends of Homes for Sale in Austin TX
It appears that inventory gets a headline in Austin market trends currently. Demand seems to have a slight edge over supply, making the current climate one of a seller’s market in many Austin areas. A healthy influx of home buyers relocating to available homes for sale in Austin TX and investors, both seeking low interest rates bring the market to bear and directly impact the percentage of Austin home inventory available. Investors find Austin foreclosures, short sales and distressed homes especially interesting opportunities, as a fair number of these properties exist. Home buyers not only find low interest rates, but also lots of family-friendly neighborhoods and great school districts in which to raise children. All these factors add to the demand and desirability of Austin TX homes for sale, driving the inventory level down.
At the same time as we see a slight trend toward a seller’s market, more in some Austin communities than in others, a steady job growth in the region together with new home construction picking up responds to demand, keeping the seller’s market edge soft. These strong growth factors lend a definitive counter push toward a more steady, balanced market level. They lend to a balance quite attainable for Homes for Sale in Austin TX. Add to that a fair number of relocators choosing to rent for awhile and a slow dispersal of many Austin foreclosures for a variety of reasons, and we should expect the seller’s market edge to remain moderate or be nearly replaced with an overall balanced level.
Find out more about Austin TX homes for sale, including Austin foreclosures, short sales and distressed homes. Get information on Austin neighborhoods un-impacted by the current seller’s trend. Find the homes in Austin you’re looking for now!
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