The River North (RN) area of Austin still defies logic of a buyer's market with continued low inventory levels.
This area includes the following communities:
- River Place on Lake Austin
- Steiner Ranch
- Westminster Glen
- Glenlake Estates and River Pointe
- Grandview Hills and Estates and The Parke
- Greenshores
- Areas abounding these communities along Lake Austin and Lake Travis.
River Place inventories remains at a 15 year low as Steiner Ranch reaches inventory on the market to total inventory at near normal levels. This startling fact can cause our area market to move very quickly towards a seller's market when the market rebounds; whereas, many areas of the country are facing massive inventory concerns that would take considerable time to correct as the market corrects.
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