If you’ve been watching the Austin real estate market, you might’ve noticed a shift. Inventory levels are creeping up, and that means buyers could start gaining more negotiating power. But what does that really mean—and how does it affect your neighborhood?
Understanding Market Conditions:
The real estate market is typically defined by inventory levels—how many months’ worth of homes are available for sale. Here’s a quick breakdown:
- Seller’s Market: Fewer than 6 months of inventory. Sellers have the upper hand, and homes often sell quickly—sometimes with multiple offers.
- Balanced Market: Around 5–7 months of inventory. Neither buyers nor sellers have a strong advantage.
- Buyer’s Market: More than 6 months of inventory. Buyers have more options, more room to negotiate, and less competition.
Right now, Austin is leaning toward a buyer’s market. That means more choices for buyers and a potential shift in pricing strategy for sellers.
Buyer activity typically ramps up during the summer months but often dips in August—thanks to the heat, vacations, and back-to-school prep. It’s also worth noting that while citywide trends offer a big-picture view, individual neighborhoods may tell a different story.
Take Maple Run, a neighborhood tucked off William Cannon in Southwest Austin. Market activity there may not reflect broader Austin trends. If you’d like more insight into Maple Run—or another neighborhood you’re curious about—just reach out. I’m happy to help.
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