Does the Austin Market Favor Buyers or Sellers?

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A lot of our clients have been wanting to know whether the Austin market is favoring home buyers or home sellers. The answer to this question is not a simple ‘yes’ or ‘no’. It all depends on where you’re looking and in what price range.

Real estate is hyper-local and changes very quickly from one area to the next. I will tell you that if you own a home worth less than $250k and it’s in a 45-mile radius of Austin, it’s going to fly off the shelf. The closer you get to Austin, the hotter the seller’s market becomes.
For those that are in the $250k to $500k range just outside of Austin, we’re seeing more inventory but that market is still favoring sellers. Homes worth more than $500k are seeing more inventory, so those markets are favoring buyers right now.

Overall, I don’t think we’ve ever seen a better time to sell a home in Austin. This city is red-hot right now when it comes to economics. Job growth is going through the roof and that’s a great indicator that our market will continue to be red-hot.

We expect great things in the Austin market this year, so don’t hesitate to reach out to us if you have been thinking of selling your home. We look forward to hearing from you!