How to Take Advantage of Real Estate in Austin

The Jenn Opens Doors Real Estate Video Blog with Jennifer Welch

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report

Today I just wanted to give you a brief real estate market update. It's very important to be an informed consumer whether you're buying or selling, and hopefully this information can help guide your decision-making in this market.

Currently, we're seeing a rather low inventory when we consider how many people are moving to Austin. Just in June, over 3,000 homes were sold. This equates to great improvements in equity for buyers, so although inventory is low and the market is favoring sellers, now is still a good time to buy a home.

Home prices have risen by 8% on average in the Austin area. The average price for a home in Austin is $272,000, and less than 30% of homes are listed below $200,000.

Interest rates are holding steady at 4% for now, but they are creeping up very slowly. No matter what happens with interest rates, your best bet is to get in touch with a great lender and lock in a low rate and a good loan program.

If you're interested in buying or selling a home in Austin, now is a great time to do so. Please don't hesitate to contact me if you're serious about entering this hot market.

I look forward to speaking with you!