Buyer demand is still strong.  The number of homes sold is up 27% over the 2Q 2020 and up 8% comparing June of last year to June of this year.  

We are seeing a stabilization of home prices.  While average home prices are up 43% from this time last year, the increase from May to June was only 1.7%.  

We still have a shortage of inventory.  The number of homes on the market is down 129% from this time last year!  However, there seems to be more home coming on the market each month and we are up 16% from where we ended 2020.  The increase in the number of homes means more  choices for buyers and fewer multiple offers for sellers.  

Homes are still selling  quickly.  There is currently 0.6 months of inventory on the market which is a very strong sellers market.  Six (6) months of inventory is considered a normal, balanced market.

 
 
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Lori Wakefield

REALTOR
Keller Williams Realty
512.657.4455
lwakefield@kw.com
www.loriwakefield.com
1921 Lohmans Crossing, Austin TX 78734
 
Oh, by the way, I'm never too busy for you, or your referrals!
 

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&zw