Discover the latest insights on the Austin housing market with Daphne Quay, your boss lady realtor! In this video, learn why Austin remains a buyer's market, the impact of high inventory levels, and how the 2024 election could influence real estate trends. For more information, please visit my website: [ Ссылка ]

For Home buyers and sellers only 🏡 🗓️ Schedule a one-on-one video chat with me! Follow the link 🔗: [ Ссылка ]

Austin’s housing market shows steady inventory and surprising median prices, providing buyers with more options than in previous years. Despite fears of a market crash, data suggests otherwise.

The median sales price in May 2024 was $555,000, up 4.7% from last year. Closed sales in May were down 18.8%, but inventory increased to 5.6 months, indicating a more balanced market. New listings rose by 16.3% in May 2024, giving buyers more choices. Homes sell for about 95% of their asking price, averaging 54 days on the market.

Key insights show that while many predict crashes, actual statistics reveal price resilience. The modest price increase suggests a stable market despite higher inventory. The drop in closed sales indicates cautious buyers taking longer to decide. Increased inventory signals a balanced market, favoring buyers. New listings provide a wider selection of homes, potentially leading to competitive pricing. Selling at around 95% of the asking price indicates room for negotiation.

Get the latest statistics from May 2024, including median sales prices, closed sales, and new listings. Daphne shares tips for buyers and sellers to navigate this unique market.

✅Timestamp
00:00 Introduction to Austin's housing market
01:24 Overview of the Spring Market Statistics
03:53 Impact of increased inventory on buyers and sellers
05:39 New listings and the effect on selling expectations
06:30 Average days on the market and their significance
07:27 Understanding average close to list price
08:22 Engaging with the audience and conclusion

Title: Austin Home Prices In 2024: Election and Crash?

This video explores information on Austin Home Prices In 2024: Election and Crash! but it also covers the following topics:

Austin Real Estate 2024
Buy Home Austin 2024
Austin Home Prices Update

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