Austin Market Update

    Even with the dip in sales for the latest housing reports, Austin continues to do remarkably well when compared to last year’s record setting numbers.

    According to the Austin Board of Realtors, overall Central Texas home sales dropped 3.1 percent in July. Moreover, Austin dropped 7.3 percent, but had a median price increase of 4.6 percent to $345,000 from the same time last year.

    Even with this decline in sales, a Realtor.com economist was quoted in a recent Austin Culture Map article as saying, “In July, listings in Austin moved 20 days faster than the U.S. overall and received 39 percent more views compared to the U.S. average on Realtor.com.”

    Sounds like good news to us!

    Plus, Austin continues to rank high when compared to other real estate markets.  For example, in a WalletHub analysis of 300 U.S. cities for best real estate markets for 2016 Austin ranked number 5! To see the entire article and what other cities ranked go here.

    The good news keeps coming as Forbes ranks Austin high in several categories including:

    • #2 in Job Growth
    • #17 in Education
    • #21 Best Places for Business and Careers
    • #143 in Cost of Doing Business

    The takeaway is that Austin continues to have a strong real estate market which is great for buyers and sellers.

    And the Bucher Group can help in both of these areas!  In fact, it is our mission to make sure our clients have the best possible experience and have a win-win for all involved!!

    It’s no secret that buying and selling your home can be stressful, so we are here to minimize that stress, get you the best price in the least amount of time.

    Please don’t hesitate to contact us for all of your Austin real estate needs!!!

    If you or someone you know is interested in buying or selling real estate in the Austin area, please contact Kathleen Bucher at 512.794.6644 or KathleenBucher@mac.com.  It would be an honor to earn your business.

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