Forbes has another new list and Austin TX is ranked #2 for The Best Cities to Buy a Home Right Now.
It's so true! Our Austin Real Estate Market is really pumped up. In many areas, there are multiple offers on most homes, in all different price points. Just this month, I had a multiple offer on a house listed at $112,000 but also on $485,000. The one at $485k had 40 offers! I have one right now that is listed right below $250k and there are 9 offers. We have to submit the multiple offer addendum today to stay in the running.
Some stats that Forbes is showing is the Median List Price in Austin TX right now is up 12% year over year, at $229,500. The Inventory level is down 19% year over year, which is creating a Supply and Demand issue in many areas. And most importantly, the unemployment rate is a mere 6.1%... lots of jobs here and moving in.
If you've been unsure about whether right now is the best time for you to buy or sell, take it from Forbes, Austin is in a great place right now. Call me!
**Image of Austin Courtesy of the Forbes Website.
**Are You Packed Yet?**
Austin TX Real Estate and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, CedarPark, 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.
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Copyright© 2012 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Austin TX Ranked #2 - Best Cities to Buy a Home Right Now - Forbes * was first published on donnahomesblog.com.