I just ran some numbers today for two of our most highly acclaimed school districts, Lake Travis and Eanes, to see how the market is holding up over there.
There are 828 homes currently on the market in the Lake Travis District, with only 107 pending and 162 sold in the last 3 months. That means that there is currently a 15 month supply of homes on the market now! A very slow market.
In the Eanes District, there are currently 272 homes on the market, 65 pending, and 105 sold in the past three months. That means there is currently a 7 month supply of homes on the market, which is a little more balanced buyer's market, but still not a good time to sell.
If you're in the market for a home in Austin, this is a good time to buy. Sellers have lots of competition out there, and depending on their urgency to sell, may be willing to negotiate some things. The best way to navigate a market like this is to work with an experienced real estate agent who knows the in's and out's of negotiating, and who knows how to read the market in any given area.
If you need to sell your home in Austin now, it is wise to carefully weigh out your options. What is important to you about selling now? If you must get out now, consulting with an expert real estate professional in your local market is ideal.
If you fall into either of these categories and would like our professional guidance, give us a call at 512-454-8955, or email us at Erin@austinHBC.com
To keep abreast of the current real estate market, tune into our blog every week under "Real Estate News and Stats."
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