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Why Now Is The Best Time To Get A Killer Deal On An Austin Home
If you’ve been on the fence about purchasing a house in Austin, now is the time to take the plunge and start looking at homes. According to data from the Austin Board of REALTORS, the lowest median sales price for Austin area homes occurs in January. This trend has remained consistent for at least the past 5 years. For a home sale to close in January, that usually means the home is going under contract in December.
Thus far in 2017, the highest median monthly home price in the greater Austin area for single family homes occurred in June when the median sales price was $311,000. Compare that to this year’s January median sales price of $277,099, and it’s obvious why closing on a home in January is when you get the best deal.
If January historically yields the lowest median sales price on Austin area homes, you may be wondering why I’m suggesting you should be looking at homes now. Well first of all, finding the right home may take some time. Rarely, do buyers I work with fall in love with the first home I show them. Side note: this has occurred before and if you have a clearly defined sense ... more
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