Real Estate News: Affordable Cities Emerging in Austin, Texas | July 2023

City of Austin
☑️ Home sales in the City of Austin for the first half of the year decreased 22.4% YoY to 4,490 sales.
☑️ Median price in Austin also fell by 10.7% to $545,000.
☑️ Housing inventory increased by 2.1 months to 3.9 months of inventory.

Williamson County
☑️ Home sales in Williamson County for the first half of 2023 decreased by 12.8% YoY to 5,353 home sales.
☑️ The median price dropped by 12.1% to $435,000.
☑️ Housing inventory increased by 1.0 month to 3.0 months of inventory.

We are in a Seller’s Market.

In a seller's market, the demand for homes exceeds the available supply, leading to increased competition among buyers. This heightened competition can result in bidding wars, driving up property prices and giving sellers the upper hand in negotiations. In this scenario, homes tend to sell faster and at higher prices, benefiting sellers.

Emerging Markets for First-Time Home Buyers
✅ Elgin, Texas
✅ Taylor, Texas
✅ Jarrell, Texas
✅ Hutto, Texas
✅ Manor, Texas
✅ Bastrop, Texas

Take the Next Step
☑️ For personalized guidance, feel free to contact me directly. My contact information is listed below.
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📧 [email protected]

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