Looking for your dream home? Join me, Natasha Antonioni, your go-to Austin real estate expert, as I dive into the latest housing report. I'll share data-backed stats to help you find the perfect place and community for your family. Don't miss out on this valuable information - hit that subscribe button now!
First up, let's talk numbers. Zillow is forecasting a .4% increase in home values for the Austin housing market by the end of 2023. Now, that might not sound like much, but every percentage point counts in this dynamic market.
Now, here's the deal. In September 2023, the housing inventory in Austin reached a critical point with 4 months of inventory. That's the highest level we've seen in over eight years!
What does this mean for you? Well, it's a game-changer for both buyers and sellers.
Ashley Jackson, the Austin Board of Realtors president, and Clare Losey, a housing economist, share their insights. Ashley says it's all about strategy for buyers and sellers. Utilize the increased inventory and focus on curb appeal - it can lead to better outcomes for everyone. Clare reminds us that working with a trusted REALTOR® is key. We navigate the market, ensuring the best outcome for you.
The big question on everyone's mind is whether home prices are still dropping in Austin. Well, in September 2023, the median home price did decrease by 4.3% year-over-year. However, in August we had a a year-over-year increase. So, yes, there's been some price softening in the market but with the last two months of data - one up and one down - I'd say we are just about leveling off.
To figure out if it's a buyer's or seller's market, we need to look at key indicators. With a 4.0-month inventory, it's balanced, but higher than previous years, which could favor buyers. Homes are spending an average of 65 days on the market, giving buyers more negotiating power. It's safe to say that the market is evolving into a more balanced state.
Is Austin overpriced? Well, it's a subjective question. Recent research shows that homes in Austin are among the most overvalued in the U.S. But compared to major cities like San Francisco, New York, or Los Angeles, Austin's prices still have room to breathe so it's all relative to your perspective. The city's growth and diverse economy still make it a worthwhile investment for many.
What's in store for the rest of 2023, into 2024? Austin remains a healthy market due to IN-migration and a robust local economy. Big companies like Google and Tesla call Austin home, driving more people into the city and boosting housing demand. Experts believe this trend will continue, making Austin an excellent long-term investment.
If you want more proof of Austin's appeal, consider this: WalletHub ranks Austin as the 3rd best large city for real estate in the U.S. With a booming job market and housing market attractiveness, it's clear that Austin is still a hotspot for real estate.
If you're thinking about real estate investment, Austin is a prime choice. Its population growth, strong economy, and job market make it a fantastic opportunity. Plus, the rental property market is thriving, with plenty of options for investors.
So, here's the bottom line - the Austin housing market is evolving, and it's an exciting time for buyers, sellers, and investors. Austin's real estate scene is full of potential. Let me help you keep a close pulse on trends, and let's make your real estate dreams a reality. Thanks for tuning in, and I'll catch you in the next update!
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Natasha Antonioni here, I’m a Realtor® in Austin, Texas with Compass Real Estate, a proud mother and wife to an incredibly talented designer/entrepreneur, self-professed personal development geek, and lover of life. My husband and I are both mostly East Coasters and type-A with two great kids who will be too when they’re full grown.
The goal of this channel is to help you learn more about the awesome eclectic vibe of Austin, Texas. I live here currently with previous homesteads in New York, Los Angeles and Napa. I get the challenge of transitioning from bigger cities to a smaller scene. Design is my obsession, along with great food, hip spots and living your dream life here in Austin. If you share similar interests, stick around and watch some videos to learn more about all things Austin. Keep it weird, y'all! ✌🏼
I am so grateful for all you subscribers, both clients and friends I may or may not have met yet, so thanks for watching my videos!
If you want to talk to me about Austin Real Estate feel free to email me at natasha.antonioni@gmail.com or call (512)988-1741.
COMPASS Real Estate license #714930
2500 Bee Cave Pkwy
16 окт 2024
