Central Texas Real Estate Blog

What type of market are we in? Is it still a sellers’ market?

“Although the winter storms slowed activity in February, this does not indicate a market slowdown. We’re still very much in a sellers’ market,” This according to Susan Horton, 2021 ABoR president, said. “Across the region, a high quantity of offers, cash offers, and requests to waive appraisals or option fees are increasingly commonplace. Transaction contracts are complex with negotiations that require the expertise of a REALTOR® to navigate.”

The year over year statistics show the continued boom. The median sales price in the Austin area is up 22% this month at $395,000. The homes closed are at 2,389, which is down 8%. This is mainly due to the snowstorm. Homes spent half the time on the market at an average of only 31 days. Pending sales, new listings, and active listings are all down which all...