Why Now May Be A Great Time To Buy In Austin

Why Now May Be A Great Time To Buy In Austin


As you may recall, in my previous blog post titled, When’s The Best Time to List My Property, I mentioned how most families prefer to move during the summer.  This has resulted in sellers getting the highest price for their home in May/June.  In fact, over the past five years, we have consistently seen the highest median sales price for homes in the City of Austin occur in either May or June. Given that the average days on market for Austin properties over the past five years that sold in May or June ranges from 32-45 days, and the fact that a home usually takes on average 30 days to close after going under contract, these properties were likely listed for sale in March or April.  Thus, if a home that was listed for sale in the early spring is still available, it may be a great opportunity to get a home for a steal. 

You may have hesitations about looking at a home that has been on the market for over 100 days, and wonder why this home hasn’t sold. You might think something must be wrong with this home.  However, it may have simply not been marketed properly, been priced too high initially,  or this could be a result of one of these other reasons

Regardless, if a home was listed in the early spring and is still on the market, the sellers may be getting anxious to sell.  This is especially true if the home is vacant.  A vacant property means the sellers are simply incurring costs (utilities, property taxes, insurance, mortgage etc.) without any benefit.  After a few months of this, many sellers become more inclined to accept a lower offer.

If you’ve been looking for a home in Austin throughout the spring and early summer, you know how competitive the market has been.  Multiple offers on homes occurred frequently, and you may have become burned out by the process.  Now, there is less competition.  In fact, data from the Austin Board of REALTOR’s MLS shows price decreases are occurring on many Austin homes.

Everyone knows that moving in Austin this time of year can be hot.  However, a little sweat may be worth it if you can get a great deal.  If you’re looking for a great buy in Austin, contact me today.  I can easily locate the best options for you based on your specific needs.  If you feel like looking at Austin homes for sale  on your own first, click this link.

This post originally appeared on shesellsaustin.com

Erika Albert Headshot
Phone: 512-779-7597
Dated: July 31st 2017
Views: 469
About Erika: Erika Rae Albert is an Austin native who has built her business around one guiding principle, YOU al...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Remodeling Ideas, Owen Moore, eXp Realty, LLC. - These are some ideas on making
Mother Lode of Austin Maps! - Spent some time recently on the
Austin Neighborhood Spotlight: Sunset Valley -  Sunset Valley is a small
Do It Yourself of Hire A Pro? - Yesterday my neighbor took a-

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Austin
9600 Great Hills Trail Suite 150W
Austin, TX