August Market Update: August 2022

Austin’s August real estate statistics are in! we are seeing higher inventory, which is great for buyers.Prices are still gradually increasing, but I have had multiple buyers go under contract under list price which is SO EXCITING! We are still in a seller’s market, but are much more balanced than we have been. The market is by no means slowing, just neutralizing - which puts all parties in a great place for negotiations.

Active listings in the five-county area skyrocketed 170.2%, causing housing inventory to reach 2.9 months – the highest inventory level since September 2018. Additionally, year-over-year home price growth was less than 6% for the first time since June 2020. The median home price increased by 5.5% annually to $496,039, setting a price record for the month of August while also indicating a normalization of home price appreciation that economists say is consistent with historical norms.

— Austin Board of Realtors

Austin Real Estate Market Update: April 2020

April market stats are in from @abor_realtors ⚠️ Here’s an overview of home sales in greater Austin with the impact of COVID.
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HOT TAKE 🔥 The Austin market is feeling some impact from COVID with a $10k decrease in median sales price over the past month, but compared year over year prices are still trending in an upwards direction. Fewer listings have come onto the market, but months of inventory have actually INCREASED due to fewer sales in April. Long story short: It’s a better time to buy now than it has been in months. More to choose from, lower prices, lower interest rates — Call me if you’re ready to make a move! #MoveWithMadds
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☎️512.923.1268
📩maddyhillatx@kw.com
*Stats based on numbers year-over-year*

Austin Real Estate Market Update: March 2020

March market stats are in from @abor_realtors ⚠️ Here’s an overview of The greater Austin area.
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HOT TAKE 🔥 The Austin housing market has hardly slowed during COVID-19. While we’ve seen fewer new listings and a slight decrease in sales in March, the value of homes is still on the rise. That’s the MAIN differentiating factor between current economic struggles and the housing crisis of 2008 — Home values are NOT DROPPING! 🙌🏼 It’s still a seller’s market with inventory being historically low. If you’re wanting to sell in the next few months, let me guide you through the process… COVID-style! 🏡

Austin Real Estate Market Update: February 2020

February market stats are in from @abor_realtors ⚠️ Here’s an overview of The greater Austin area. And yes, I did this by hand because I’ve been locked indoors for too long.
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Takeaway: Prices are rising, houses aren’t staying on the market as long, and we are at a critically low level of inventory. Now is the time to sell! 💸