Shannon Mangin discusses the current state of the Austin housing market in Spring 2024. It highlights that while prices have increased, the market is seeing more inventory and longer days on the market, giving buyers more negotiating power. The video also discusses the impact of interest rates and new construction on the market, and provides strategies for both buyers and sellers to navigate the current conditions.
Highlights
🏡 The Austin housing market is seeing more inventory, with around 4 months of supply, and homes taking longer to sell (75-80 days on average). This gives buyers more negotiating power, with list prices around 5% off and additional discounts or incentives.
🏗️ New construction is a significant factor, with about a third of the 10,000+ single-family homes on the market being new construction. This is even more prevalent in the suburbs, where over 40% of the homes in Williamson County are new builds.
💰 Interest rates have been a challenge, with rates recently increasing to over 7%. However, the video suggests strategies for buyers to offset the high rates, such as negotiating seller or builder concessions, putting down a larger down payment, or considering new builds with fixed rates below the market value.
CHAPTERS
00:00 Introduction
00:21 Austin Housing Market Stats
01:29 Austin Housing New Construction Inventory
02:05 Williamson County Housing Stats
02:29 What Do These Stats Mean for Buyers?
04:00 Interest Rates
05:00 Conclusion
Austin Travis County Housing Market Report - altos.re/r/22941ca1-4881-4929-a60f-8799fa9bb0ba?fbrefresh=true
CONTACT US
The Mangin Team at Real Broker
Shannon Mangin and Tyler Mangin, REALTOR®
Austin, Texas
512.866.5845
🌐themanginteam.com
🌐shannon@themanginteam.com
🌐tyler@themanginteam.com
Set up a 15 Minute Discovery Call: calendly.com/shannonmangin
LET'S CONNECT!
Follow us on Instagram - instagram.com/the.mangin.team/
Follow us on Facebook Business - facebook.com/themanginteam
Follow us on Homes.com - www.homes.com/real-estate-agents/tyler-mangin/sm0hlr5/
Follow us on Homes.com - www.homes.com/real-estate-agents/shannon-mangin/z8hy57w/
Follow us on Linked In - www.linkedin.com/in/tylermangin/
Follow us on Zillow - www.zillow.com/profile/tymangin/
More Information: liinks.co/the.mangin.team
Негізгі бет What's The Scoop On Austin Housing? Spring 2024 Market Update!
Пікірлер: 1