Homes for Sale Austin TX - Inventory is Decreasing

Homes for Sale Austin TX - I hear over and over again that it's not a good time to put your house on the market.  I don't know why people think that, because they're missing out on all the action!

In just the past two days, according to the Austin MLS, there have been 273 new listings for homes for sale Austin TX.  With all the activity for the new homes listed, 317 properties have had price adjustments, some up but mostly down.

Even though there have only been 258 properties that closed in this two day time frame, there have been 251 properties marked as Pending.  Another number to look at is 447, as this is the number of listings that have either expired or been withdrawn from the market.

At first glance, it looks like we just keep adding more and more listings to the market without getting the inventory number down, but when looked at closer, 273 new listings offset 956 properties that are no longer available for sale because they've sold, are contract pending, expired, or withdrawn from the market.

When you see numbers like that, it shows our market is decreasing its inventory, and the supply and demand will probably start to sway back in favor of the seller more than the buyer.

Homes for Sale in Austin TX are jumping off the shelves, and buyers need to jump off the fence they're sitting on.  Aren't those fence posts starting to get uncomfortable?  Some even give splinters, especially when interest rates go up as you're slowly sliding down.

**Are You Packed Yet?** 

Donna Harris, REALTOR®
RE/MAX Austin Skyline
www.DonnaHomes.com
Donna@DonnaHomes.com

Austin TX Real Estate and the
surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park,
Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in
between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way. 

For real time Austin MLS listings, click here.

** #1 Agent in my Office for all of 2008 **

All my blog posts were first published on donnahomesblog.com.
Copyright© 2009 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Homes for Sale Austin TX - Inventory is decreasing *