Austin Real Estate Market – Buy Now or Wait?

Here is TexHomes Realty’s Austin Real Estate Market Update for 2014!

During the first half of 2014, the Austin real estate market was on fire!  Many homes sold with multiple offers which led to sale prices over list. While it did vary from one part of town to another, there was no arguing with the fact that the market was red hot!  For example, take home sales for the first half of 2014 in a popular zip code in northwest Austin, 78729.  The average days on market was just 16.

Zipcode 78729 Home Sales First Half of 2014 – Data From ACTRIS MLS

However, as Austin got into the heat of the summer, inventory levels started to rise.  As more homes hit the market, there seemed to be an endless number of buyers ready to jump in and snap them up. READ MORE