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.
Today I wanted to provide you with a brief market update for the Austin real estate market. My hope is that you can take this information and use it to your advantage when you enter the real estate market.
- Interest rates have fallen in the past few months (below 4%), but they're projected to rise again, so now may be the perfect time to buy a home. When interest rates rise, you lose affordability, and a small increase in interest rates can increase your monthly payment by hundreds of dollars.
- Home prices in the greater Austin area are an interesting topic. This is because demand in some areas is very high, and elsewhere it is very low. Depending on where you live in Austin, you have to ask your real estate agent about what you should expect to pay for a home. We have many different local markets within Austin, and they're all very different.
- As a whole, the real estate market here in Austin is absolutely on fire. If you have a home in the center of Austin, you can expect it to sell very fast, but the further you live from the center of town, the longer it will take to sell your home.
Contact us at any time if you're interested in buying or selling homes in Austin!