Home sales are picking up in Austin, and some of the more popular neighborhoods that are close in to major employment are experiencing a SELLER’S MARKET. That means that homes are selling in less than 6 months and in some cases are selling with multiple offers.
Outlying Austin neighborhoods and surrounding communities, such as Round Rock, Cedar Park, Lakeway, Dripping Springs, Buda, etc. remain in a BUYER’S MARKET. That means that homes are selling (on average) in more than 6 months and prices remain relatively flat.
Lower priced Austin homes in all areas are selling in less than 6 months. The more people who can afford your price range, the easier time you will have selling your home. Most home buyers qualify for homes priced under $200,000.
Higher priced luxury homes in Austin are still experiencing sluggish sales. Only a small percentage of home buyers can even qualify to buy a home priced over $500,000. Homes in this price range are taking several months, if not years to sell. The exception would be a home in this price range that is priced significantly less than comparable homes. All buyers love a bargain, and bargain homes always sell quickly.
The good news for any home seller is that even if you have to sell your current home for a little less money, you will likely save money in the current market when you purchase another home. Low interest rates and bargain homes are still plentiful. There’s never been a better time to sell your current Austin home and buy the home of your dreams.
Watch this video to get a short peek at how Dianne Bartlett can get your house sold: