Austin December 2023 Market Report
The December market update for the Austin real estate market shows a growing monthly housing inventory, yet, the number of active listings continues to fall. How is that possible? In this video, David and Lee explain Austin's seemingly contradictory supply/demand dynamic and whether or not NOW is a smart time to buy, sell or invest.
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David Shapiro, Austin Realtor | Lee Abraham, Austin Realtor | eXp Realty
Residential | Commercial | Buy | Sell | Invest | Develop
Timestamps:
00:00 Introduction and Active Listings
00:46 Number of Sales and Housing Inventory
02:14 Balanced Market and Glut
03:46 Forecast for 2024
04:00 Seasonality and Interest Rates
04:55 Number of Sales and Demand
05:45 Average Sale Price
06:17 Days to Sell
06:55 Number of New Listings
08:00 Price Stability and Timing the Market
08:38 Listing Inventory Barometer
09:08 Suburbs: Monthly Housing Inventory
13:55 Suburbs: Number of Sales
15:11 Suburbs: Average Sale Price
16:09 Suburbs: Days on the Market
16:31 Suburbs: Number of New Listings
17:01 Stability and Future Market
18:19 Conclusion
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