Most frequently hired Realtor® in Canyon Creek - YOUR TRUSTED RESOURCE.

There is an adjustment taking place in our real estate market. Inventory is building, and in Canyon Creek the 7 active homes have been on the market an average of 53 days. Inventory is rising and homes are taking longer than a few weeks to sell. This is giving buyers a little more breathing room and some welcome relief.

The headlines are showing alarming inventory levels but remember we have been looking at weeks and sometimes days of inventory and now we are looking at months. In Canyon Creek we are experiencing 7 months of inventory. That is higher than 6 months which is a balanced market. But keep in mind August is seasonally a slower month with school starting and everyone busy getting kids ready for school and getting in a last-minute vacation. This year the intense heat played in making that decision to get out of Texas for a reprieve!

Navigating the market is evolving on a weekly basis. Sellers’s the more you do to prepare your home for market the stronger your position will be for smooth sale. You are facing increased competition so stand out from the crowd! Nothing like fresh paint, stellar curb appeal and spectacular photos to catch the eye of the buyer. Remember the eye buys!

Prices are not going to continue to escalate like they have the last 2 years. The market is balancing but we are still in a robust housing market. The average sold price is up 23%. The sold price/per square foot is up 9%.

ACTIVE LISTINGS:

SEVEN homes out of 1,300+ homes  

PENDING LISTINGS:

TWO homes

SOLD LISTINGS:

One home

Austin is still rocking going into crisis after crisis and maintaining. WalletHub just released its 2022 list of most attractive real estate markets and best place to buy a home in the United States. They compared 300 cities across 17 key metrics which included: median home-price appreciation, affordability, days on market, job growth and so much more. Austin ranked #1 among large cities and #4 Best Places to buy a house. The Fall market will be starting after labor day and I’m betting we see the buyers back in the market ready to buy.

We serve our clients by arming them with strong market knowledge and seasoned experience. Want to know what a buyer would pay for your home? We stay on top of the data to make sure we are at the forefront of the market to best serve our sellers and buyers! Call us for a conversation on how the balancing in our market might impact your plans. Let’s see how we can help YOU!