The Soft Spots in the Austin Market
Even in the hottest market in America, not every home actually gets multiple offers! Not every home even goes under contract the first weekend, believe it or not! For those of you who don’t have the stomach for 100k over bidding (myself included) or a lot of the other madness associated with this bo
How To Navigate This Market
Well, first of all, if you’re a buyer we have a proprietary, exclusive designed way to help you get to the top of the offer pile. We can also help you look for softer targets. They do still exist! Even though rampant over-bidding is the norm, every weekend there are still some homes that don’t go un
2020-2021 Median Map and Chart
March 2021 Statistics
Here’s a good in-depth look and breakdown of what the Austin market is looking like right now compared to last year: Thanks to Bramlett Residential for data crunching.
Is Austin Overpriced?
As the madness of the Austin real estate market in 2021 continues, the question of “is Austin starting to become overpriced?” often comes to mind. Austin typically has a fairly low cost of living in comparison to other large metropolitan areas, making it a favorable place for employers as well as ho
WHY Austin is the Nation’s #1 Hottest Market
This video is SO on point right now, and explains better than anything else we’ve seen WHY Austin is the nation’s #1 hottest market right now. Note also that although we’re getting migration from other places too, like New York and other big cities, many of the reasons for California’s migration mat
More On 2021 Madness
In my last four posts this year you’ve been reading about the brutal scene this year for buyers. I have a little good news though, there is hope. After about two dozen aggressive offers since the turn of the year, I finally have a buyer client that has won an offer tonight! We got it at 45k over lis
2016-2020 Market Comparison
How Does “Months Of Inventory” Work?
In my opinion, the all important metric that drives prices and market behavior more than anything else is “months of inventory.” What does that mean? Well, they say a market needs about 6 months of inventory to be at equilibrium. More than that is a buyer’s market, and less than that is a seller’s m
List Price vs Sold Price Ratios
Here are some interesting statistics brought to you by a great data crunching agent in town, Matthew Cornwall. From the way this year has started, I think we may see even more impressive numbers in 2021. Notice the end of year inventory was under 0.3 ! Folks, that’s unbelievably low! THAT’S why, so
More 2021 Speculation
I’ll probably be on a blog rant for a few weeks until I can get my head around this sharp market turn. Since my last post about the craziness, I’m still losing offers to the tune of 20k+ over list price multiple times a week. I’ve started doing some polling to get a little deeper into the data thoug
The Frenzy of 2021
I find myself telling the same stories over and over, and need to just put these in a blog post. Guys, this market has been hot for awhile, but it’s just achieved bonkers status in the past week or so. We ended November at .9 months of inventory (I hear near 6 months would be at equilibrium), but I’
What in the world happened in 2020? And WHY?
If you’ve been watching the stats this year on our blog and Facebook page, you’ve seen some amazing numbers Austin has been putting up. Who would have thought this would have happened, when we were in full panic mode in March! If you bought your home this time last year, your home could easily be wo
Why Buy Now?
I’m always self conscious about how much I might sound like a cliche TV show realtor, prodding people to “BUY NOW!” When that is actually the appropriate advice though, I always try to make that objective. First, glance at these two infographics at the bottom for lots of aggregate data. Notice these
What Does a “Seller’s Market” Mean?
They say that for a market to be at equilibrium there should be about 6 months of inventory. More than 6 months is traditionally considered a buyer’s market, and below that is considered a seller’s market. When you’re in a market with 2 months of inventory or below, like Austin, that means that esse
Which Way Are Things Going To Go?
Everything that’s happening in our world right now is so unprecedented. None of us know what to expect even for the next month. For that reason, I’m reading ten times as many articles and watching the stats more closely than ever before — as often as I can get updates. I think we’re all just looking
Other Takes on April Statistics
Here’s another well written Corona update by Bramlett Residential. Again, I don’t think content has to be written by me or my own brokerage in order to be shareworthy. I just want to be helpful! _______ We hope you’re doing well and staying safe. We received the full April 2020 market statistics fro
My Take on April Statistics
This (below) is why I’m not worried about Austin real estate. In a month as awful as April, it was still only this bad. There’s a hundred reasons to be bullish about Austin, which is a speech my clients have to endure too often. 🙂 Besides steady job creation, stable cornerstone industries, and a hi
Market Comparison Charts for 2019
The new market stats are out! This is my favorite resource that I’m using every week. Scroll down through my past blog posts to see 2018 and how it compared.
Updated Market Comparison Statistics for 2018
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