Driving around Austin looking for homes for sale and wondering if they already have offers on them? We have your answers!
We keep track of how many homes are for sale around Austin and how many of those homes have pending offers on them. Pending means the buyer and seller have agreed on all terms and the contract is at the title company with earnest money and the buyer is in the process of getting financing, doing inspections, reviewing the title reports and more.
The number of homes for sale divided by the number of homes under contract gives us our Pending Ratio. As of the end of February 2016, the pending ratio for Austin in 73%. Anything above 50% is good and that means Austin is a HOT MARKET right now.
Click the links below to view a report of home many homes are for sale and how many of them are pending:
Austin Texas has a pending ratio of 73%
Lake Travis (LS) has a pending ratio of 46%
River North has a pending ratio of 50%
Market Stats by Austin area Zip Code
Market Stats for Texas, Counties and Cities
It's a Great Time to Sell
If you have been thinking about selling your Austin area home, we would love to help! Call us at 512.657.4455 and visit our Seller's Guide to learn more.