Austin Real Estate Market Update Summer 2014

There are a variety of opportunities in the Austin real estate market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here. 

We want to keep you informed on everything that is going on in the Austin real estate market. It's important to us that we let you know exactly going on at this moment so you can use this information to your advantage. So, what's going on in Austin?

  • First off, if you are in the heart of Austin, the market is on fire. There is currently less than 2 months of inventory, which is extremely low.
  • In some suburbs of Austin, however, the market varies quite a bit. Depending on your price range and suburb, your market could be completely different. We are seeing both buyer's and seller's markets.
  • Interest rates continue to be historically low. The interest rate on a typical 30 year mortgage is right around 4.5% right now. 
  • If you are contemplating purchasing a new home, know that rates are predicted to rise over the next year. Locking down a mortgage now instead of waiting could save you tens of thousands of dollars over the lifetime of your loan.

If you are thinking about buying or selling a property in Austin, please give us a call. We look forward to hearing from you soon!