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Is the Worst Over for Buyers? | Austin Tx Real Estate Market July 2024 Update!
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Discover the latest developments in Austin, Texas' dynamic real estate market update! Our comprehensive July 2024 update reveals surprising shifts and opportunities for buyers, sellers, and investors.
Key Highlights:
✅ Austin median sales price: $600,000 (2% YoY decrease)
✅ City closed sales down 21%, active listings up 43%
✅ City of Austin single-family homes median sales price $649,000
✅ Months of inventory reach 5.8 months (13-year high)
✅ Buyers are securing an average 5% discount off of list prices
✅ Mortgage rates at 6.8%, easing market entry
Whether you're a first-time homebuyer, a seasoned investor, or curious about Austin's real estate trends, this video provides essential insights for navigating the current market landscape.
Subscribe for monthly updates on Austin's housing market, expert analysis, and insider tips!
Looking for a real estate agent in the Travis County, Austin, TX metro area? James Deloney can help you! Schedule a call now!
Thinking of Moving to Austin, Texas?
Call or Text: 512 856 7414
#AustinRealEstate #HousingMarket2024 #AustinHomebuying #RealEstateInvestment #AustinHousingTrends #texasrealestate
00:00 Introduction
00:15 FED Rate Cuts
00:25 Austin TX Housing Market Sales Stats
01:06 Austin TX Median Home Sales Price
01:27 Austin TX Months of Inventory
01:41 Austin TX Sale Price to List Price Ratio
03:07 Austin TX Housing Market Trends
03:52 Austin TX Housing Market Crash
Key Highlights:
✅ Austin median sales price: $600,000 (2% YoY decrease)
✅ City closed sales down 21%, active listings up 43%
✅ City of Austin single-family homes median sales price $649,000
✅ Months of inventory reach 5.8 months (13-year high)
✅ Buyers are securing an average 5% discount off of list prices
✅ Mortgage rates at 6.8%, easing market entry
Whether you're a first-time homebuyer, a seasoned investor, or curious about Austin's real estate trends, this video provides essential insights for navigating the current market landscape.
Subscribe for monthly updates on Austin's housing market, expert analysis, and insider tips!
Looking for a real estate agent in the Travis County, Austin, TX metro area? James Deloney can help you! Schedule a call now!
Thinking of Moving to Austin, Texas?
Call or Text: 512 856 7414
#AustinRealEstate #HousingMarket2024 #AustinHomebuying #RealEstateInvestment #AustinHousingTrends #texasrealestate
00:00 Introduction
00:15 FED Rate Cuts
00:25 Austin TX Housing Market Sales Stats
01:06 Austin TX Median Home Sales Price
01:27 Austin TX Months of Inventory
01:41 Austin TX Sale Price to List Price Ratio
03:07 Austin TX Housing Market Trends
03:52 Austin TX Housing Market Crash
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