Jesse Guerrero Real Estate Agent

Open House! Don't Miss Your Chance! Come See Your Dream Home! :)

Hey Everyone, 👋🏻

I'm hosting an open house today @ 1928 Woolsey Way in Leander TX! Feel free to come out to view this beautiful home! Comes with a backyard patio & pool!! Perfect for those hot summer days! 🌞 ⛱️

If you have any questions prior to arriving, or about this listing please feel free to send me a message!! 🙏

Are House Prices Dropping in Austin?? 🤔

If you are looking to Buy a home soon this article is for you! 📰 🫵

I have attached a more in-depth article written by Norda Real Estate Investments (below) & Austin Board of Realtors Informational Sheets (City of Austin / Travis County).

👉Key Point Takeaways: 👈❗

Increased Days on the Market: With an increase in Average Days on Market (11 & 13 days) homes are now taking a longer time to sell compared to last year. This could be due to interest rates, or other economic factors. It's important to note that interest rates have been dropping slightly over recent months. Slowly beginning to favor home buyers. 🗓️

Increase in Active Listings: The increase in active listings (15.1% & 18.1%) further contributes to overall inventory. & Pending Sales are down (3.2% & 6.2%) further indicating the market is cooling down. 🌬️

Decrease in Sales: Closed Sales have also decreased (12.4% & 16.2%) again leaving more homes available in the market. These indicators lead to a drop in Sales Dollar Volume (10% & 12.6%) ultimately causing a dip in home prices. 📉

Overall Summary: With all this data it is safe to say the market is moving it's way over to the Buyers benefit! If the markets overall inventory continues to grow giving buyers more options, and interest rates don't drop causing homeowners to stay in their homes. Prices will continue to drop as the competition increases for sellers! 🎰

https://www.noradarealestate.com/blog/austin-real-estate-market/ #:~:text=Homes%20in%20Austin%20have%20seen,rate%20of%208.36%25%20%E2%80%94%20Neighborhoodscout.