🎉 Celebrating Success Together!
I'm thrilled to share some exciting news: I've been named one of the Top 500 Austin Real Producers this year (top 2.5% out of 19k agents)! This prestigious honor is a testament to your unwavering support, encouragement, and friendship. It's thanks to clients like you that I'm able to achieve such milestones. Remember, your agent matters, and I'm always here for you, ready to assist with any real estate needs you may have!
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As always, your trust and confidence mean the world to me. If you have any questions or need assistance navigating the real estate landscape, don't hesitate to reach out. Here's to a prosperous and love-filled February!
Blessings!
Let's dive into some key highlights from January in both Austin and the metro areas:
- 📉 Avg Sold Price Decline: -3.5% YOY in the Metro and -6.8% in the City.
- 📈 Total Sales Increase: +7.8% YOY in the Metro and +3.9% in the City.
- ⏳ Avg Days to Sell: 80 in the Metro and 75 in the City.
- 🏡 Inventory Levels: 4.0 Months of Inventory (MOI) in the Metro and 4.4 MOI in the City.
While there's been a decline in average sold prices, indicating a stabilization in the market, it's important to note that January typically sees slower activity. However, we're optimistic about the months ahead as we anticipate a return to normal seasonal trends.
🌱 Spring Outlook: What to Expect
As we move further into the year, we anticipate seeing contracted units pick up momentum, leading to increased sales activity in the spring and early summer months. While the jobs data remains a concern, improvements in mortgage rates are on the horizon, providing potential buyers with more favorable conditions.
🏠 For Buyers: Now is a great time to enter the Austin market, with the spring bringing more competition but also more attractive rates. Looking back, 2023 presented a strong buying opportunity, and 2024 is shaping up to follow suit.
💼 For Sellers: With seasonality working in your favor, the coming months present an ideal time to prepare and list your property. As demand continues to rise, especially after the holiday season, seize the opportunity to showcase your home to potential buyers.
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