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Austin-Round Rock Area February 2024 Housing Report

By |2024-03-17T13:27:30-05:00March 17, 2024|Market Reports|

*Please keep in mind this is the Metropolitan Statistical Area (MSA) for the Austin-Round Rock area. If you want specific stats relative to your zip code, please reach out so I can get them to you!* Hey there, buyers and sellers! Let's talk about some key real estate metrics that can give you a better understanding of the current market conditions. First off, we have the Months Supply of Inventory, which is sitting at a healthy 3.2 months. This means that if no new homes were to come on the market, it would take about 3.2 months to sell all [...]

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Austin-Round Rock Area January 2024 Housing Report

By |2024-02-20T10:22:56-06:00February 15, 2024|Market Reports|

Please keep in mind this is the Metropolitan Statistical Area (MSA) for the Austin-Round Rock area. If you want specific stats relative to your zip code, please reach out so I can get them to you! Whether you're a buyer or a seller, the information contained in the infographic above is crucial in navigating the ever-changing real estate market. So, let's jump right in! First up, let's look at the Months Supply of Inventory, which currently stands at 3.0. This metric represents the number of months it would take to sell all the homes on the market if no new [...]

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Austin-Round Rock Area November Housing Report

By |2023-12-22T12:12:38-06:00December 22, 2023|Market Reports|

Please keep in mind this is the Metropolitan Statistical Area (MSA) for the Austin-Round Rock area. If you want specific stats relative to your zip code, please reach out so I can get them to you! Whether you're a buyer or a seller, the information contained in the infographic above is crucial in navigating the ever-changing real estate market. So, let's jump right in! First up, we have the Months Supply of Inventory, which currently stands at 3.7. This metric represents the number of months it would take to sell all the homes on the market if no new listings [...]

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Austin- Round Rock MSA October Housing Report

By |2023-11-18T11:39:09-06:00November 15, 2023|Market Reports|

Please keep in mind this is for the entire *metropolitan statistical area. If you want zip code specific stats, I am happy to get them to you! First up, we have the "Months Supply of Inventory," which currently stands at 3.9. Now, what does this mean? Well, this metric tells us how many months it would take to sell all the homes on the market if no new listings were added. Essentially, it's a measure of supply and demand. A lower number indicates a seller's market, with limited inventory and potentially higher prices. In contrast, a higher number suggests a [...]

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Austin- Round Rock MSA September Housing Report

By |2023-10-18T10:49:14-05:00October 12, 2023|Market Reports|

Please keep in mind this is for the entire *metropolitan statistical area. If you want zip code specific stats, I am happy to get them to you! Hey Austin area buyers and sellers! Ashley Billins, your trusted REALTOR® here with an exciting market update for September 2023! Let's dive into the latest trends and numbers that will help you make informed decisions. Did you know that currently, there's a 4.0 Months Supply of Inventory in the Austin metropolitan area? That means we are approaching a more healthy balance between supply and demand. Similarly, over the last 12 months, the Months [...]

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Austin- Round Rock MSA August 2023 Housing Report

By |2023-09-14T17:37:52-05:00September 14, 2023|Market Reports|

Please keep in mind this is for the entire metropolitan area. If you want zip code specific stats, I am happy to get them to you! First off, we have the Months Supply of Inventory, which currently stands at 3.8. This metric represents the number of months it would take to sell all the available homes on the market, given the current sales pace. A lower supply indicates a seller's market, where demand exceeds supply, potentially leading to increased competition among buyers. Next, let's consider the 12-month change in Months of Inventory, which shows an increase from 2.8 months of [...]

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Tips for Making Your Best Offer on a Home

By |2023-07-27T17:14:11-05:00July 27, 2023|Real Estate|

While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low. If you’re looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may still come up against some multiple-offer scenarios. Here are a few things to consider to help you put your best foot forward when making an offer on a home. 1. Lean on a Real Estate Professional Rely on an agent who can support your goals and help you understand [...]

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Owning Your Home Helps You Build Wealth

By |2023-07-20T18:44:37-05:00July 20, 2023|Real Estate|

You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time. Homeownership Builds Wealth Regardless of Income Level You may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount. Data from First American helps illustrate this point (see graph below): What makes wealth so much higher for homeowners? A recent article from Realtor.com says: “Homeownership has [...]

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