Austin Market Activity 10-230-2012:
Available Single Family Homes 6510 (-55 vs Last Week)
Currently Under Contract 3056 (-22 vs last Week);
Closed Last 8 weeks running total 3159 (-428 vs Last Week).
The impact is being felt with dropping homes under contract effects closed sales -428 from last weeks 8 week running total. The market is still strong due to reduced inventory. Well cared for homes that are move in ready are the ones getting offers, multiple offers in many cases. Sellers are in control of their ability to sell their home. Do all the minor repairs and blemishes you can to make your home "MOVE IN READY." This is especially true if you are selling what is likely to be a "first time buyers" home. First time buyers often do not have the cash, know how or desire to do repairs themselves. Interest rates are still very affordable in the 3.125% to 3.5% range.
If you are considering selling your home give me a call for a free analysis of your home.
Bill Austin ~ 512-709-6343 ~ bill@teamprice.com
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