Most recent Austin MLS statistics – Good news for sellers!
The most recent Austin MLS statistics are in. And, as you can see from the charts below, there’s some good news and some bad news. The good news is, average sold prices are up approximately 11% MLS-wide, and almost 28% in the Dripping Springs area! The bad news? Low inventory.
Low inventory is a problem in many markets throughout the country. In a healthy market a particular neighborhood would have six months of inventory. Many neighborhoods are seeing inventory as low as one or two months. This means home buyers are not finding the homes they are looking for.
Eric Sachs, President and Co-founder of BreakthroughBroker.com, said he speaks with Realtors throughout the country, and the main concern voiced by Realtors is that there are not enough listings.
So what does this mean for you? As the spring selling season approaches, now is the time to list if you have thought about selling in the past or may want to sell in the future. With average sales prices up, and interest rates still relatively low, it’s a win-win situation for you and the buyers that may be searching for exactly what your home has to offer. Call us today (512-829-2062) to see how we can help you get the most money for your home and help you in your next real estate purchase.