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13 June 2024 | 2 replies
-Single-family home sales declined 1.5 percent year-over-year;-Days on Market (DOM) for single-family homes went from 49 to 45 days;-Total property sales were down 3.1 percent with 10,175 units sold;-Total dollar volume was statistically flat at $4.3 billion;-The single-family median price edged up 1.5 percent to $345,000;-The single-family average price rose 3.6 percent to $443,970, which is a record high; -Single-family home months of inventory registered a 4.0-months supply, up from 2.7 months last May;-Townhome/condominium sales continued to decline, falling 9.8 percent, with the median price climbing 12.1 percent to $241,600 and the average price up 7.5 percent to $281,777.
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18 June 2024 | 83 replies
I see a very fixed supply of affordable housing for new family formation and those at median income levels.
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13 June 2024 | 0 replies
Inventory is now very substantially above the extreme lows seen in recent years, when inventory in the Austin area fell below 1 month (very extreme imbalance between demand and supply) for a sustained period.Here are the full stats for Austin and the greater metro:Here’s a chart showing the median sales price of a single family home in the City of Austin over the past two years:The median price for a single-family home in May 2024 was down roughly 10% from May 2022, which was the most recent pricing peak in the Austin market.For some context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:As you can see, pricing Austin is still substantially above pre-pandemic levels.
13 June 2024 | 2 replies
How much vacancy and supply is in the area?
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12 June 2024 | 11 replies
Per my request they sent me a YouTube video (see above) where it’s placing a bracket to hold the filter and disconnecting the cold water faucet hose from the shutoff valve, then installing a water supply line adapter to the cold water faucet hose.
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12 June 2024 | 2 replies
In regards to demand demographics, yeah I think you'd be targeting a different group, and supply/demand has to be looked at closer.
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12 June 2024 | 2 replies
Also, Ive bought office supplies, went out to eat with contractors, and more, should I be using a business credit card?
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12 June 2024 | 8 replies
Have that agent you are working with supply the inspector and/or the contractor too.
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12 June 2024 | 1 reply
Rehabbed most of the stuff myself except for supply lines in the plumbing.
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12 June 2024 | 2 replies
So sometimes I have clients who recorded a deed on their own (they got a template from an office supply store and sent to the county to record), but that can be a problem since the title companies are very wary of fraud.