Here are the September/2018 MLS single-family statistics for Austin, TX:
The cooling off for our Austin home sales market continues this year with September having the most red categories of any other month in 2018. We’ve had a few months this year that had 2 red categories, but this is our first with four. And, they are all with categories on the left which represent most of our activity like the number of listings on the market, pending sales (ie-have contract but not closed and a future indicator of a market), the number of sales and finally the inventory of homes (the number of months it would take to sell all current homes on the market at our current pace). I firmly believe our Austin market will now see our inventory number steadily move up over the next year or two. As a reminder, the legend colors above represent what the market looks like from the perspective of a home seller since we wouldn’t have a market if no one sold their home. Conversely, this is good news for home buyers if these trends hold up since they mean our months of inventory will be moving up toward 6 which is a market in equilibrium.
Contact the Thomas & Kauffman Team today if you would like to buy or sell a home in the Austin metro area - (512) 730-1252 or info@AustinTxHomeSales.com.