With the long hot days of summer upon us, many people are taking advantage of the extra daylight hours to look at homes. Many families are relocating to the Central Texas area at a great time, taking advantage of the lowest mortgage rates we've seen this year, now in the mid 4% range.
The State of Texas, and Austin in particular have received some great press on our job market, with some 37% of all net new jobs created in Texas. Austin's job growth improved 6.6% alone in the month of May, according to Simply Hired.
These latest numbers pulled from the MLS database are a great snapshot of the current market:
*Average Sold Price- Increased 11% to $262,839
*Average Asking Price- Increased 12% to $273,692
*Number of New Listings-Increased 3.2% to 3476
*Months of Inventory- 7.5 months
If you're thinking of selling soon, send us some details on your home. We will be happy to provide you with an analysis on your home in today's market. If you're thinking of buying, we can set you up with a personalized MLS search that will come directly to your email with details of new listings that may interest you.
Be sure to call Gene & Renee Jantzen for all your Central Texas real estate needs.
Best regards,
Renee
512-818-8181
877-897-8277 Toll Free
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