Happy Thanksgiving, Friends and Neighbors! 🦃🍁
November is here, and as we gather to celebrate gratitude, family, and good food, we also reflect on an eventful year in Greater Austin real estate. We’re thankful for your continued trust and support in navigating this ever-changing market. Whether you’re planning your next move or simply staying informed, we’re here to help! 🏡✨
Market Update: October 2024 Stats
The Greater Austin real estate market has been full of surprises this year, with October bringing steady trends and notable shifts. Here’s the scoop:
✅ Sales Resilience: Total sales are up 6% metro-wide compared to October 2023, showing that buyers are still active despite seasonality.
✅ Pending Listings Soar: Under Contract/Pending Listings rose 11.3% year-over-year, a clear indicator of sustained demand.
✅ Healthy Inventory Flow: New Listings increased 7.9% metro-wide, keeping options fresh for buyers.
✅ Cooling Prices: Median Sold Price dipped by 2.1%, signaling a slight pricing reset and a balanced market.
✅ Extended Market Time: Average Days on Market climbed to 78.2 days, giving buyers more time to explore their options.
By the Numbers: October 2024 Recap
💰 Total Sales Volume: $1.38 billion, up 6.6% year-over-year
📉 Median Price Movement: Minimal changes in average pricing, with slight median price declines reflecting stability.
📈 Months of Inventory: Increased to 5.1 metro-wide and 5.8 in Austin, offering buyers more choices.
📊 Withdrawn/Expired Listings: Typical seasonal uptick as many sellers wait for the spring market.
What This Means for Buyers:
🍂 More inventory and longer market times mean more negotiating power for you! Stable prices make this a prime moment to snag a deal before competition heats up in spring. Pro tip: Keep an eye on interest rates—they could shift the game in 2025.
What This Means for Sellers:
If you’re considering selling now, be strategic:
- Price competitively to attract buyers.
- Highlight your home’s strengths with professional staging and marketing.
Thinking of waiting? Spring offers greater demand and potential for higher offers. Let’s create a strategy that works for you! 🏠✨
Sean's Thanksgiving Recipe Corner: Pumpkin Cheesecake Bliss 🎃🍰
Here’s a quick recipe to sweeten your holiday!
- 1 ½ cups graham cracker crumbs
- 4 (8 oz) packages of cream cheese
- 1 cup pumpkin puree
- 1 tsp cinnamon and nutmeg
- Bake at 350°F for 50 minutes and enjoy a slice of fall!
Market Outlook for the Holidays & Beyond
Seasonality is in full swing, but don’t let that slow your plans. Whether you’re buying or selling, there are opportunities to seize right now. Need guidance? We’re just a call away! 📞
📣 What Are Your 2025 Real Estate Goals?
We’re here to help you achieve them! Reach out to Sean Harden Realty for expert advice and a strategy tailored to you.
We’re Thankful for You! 🧡
From our family to yours, we wish you a joyful and delicious Thanksgiving. We’re grateful for the opportunity to serve you and look forward to continuing to guide you in all your real estate needs.
📩 Ready to make your next move? Call Sean Harden Realty today! 🏡✨
