As we finally close out 2020, listing inventory has absolutely cratered in the Austin area.

But after doing some research, the following trends have come to light:- Massive construction activity over the last 4-5 years with inventory growing 10%-20%+ in a lot of markets.

I am in Denver and due to a massive lack of inventory price have continued to rise.

https://www.har.com/content/newsroom/Houston Real Estate Highlights in September:-Single-family home sales increased for a fourth consecutive month, rocketing 29.1 percent year-over-year with 9,101 units sold;-The Days on Market (DOM) figure for single-family homes lowered from 56 to 51 days;-Total property sales shot up 31.9 percent with 11,137 units sold;-Total dollar volume soared 43.6 percent to $3.4 billion;-The single-family home median price rose 8.3 percent to $265,000 – the highest median price for a September;-The single-family home average price increased 10.1 percent to $329,801 – the highest average price for a September;-Single-family homes months of inventory registered a 2.5-months supply, down from 3.9 months last -September and below the national inventory level of 3.0 months.

The Austin area real estate market continues displaying incredible resiliency in the face of extremely low housing inventory and economic challenges related to the COIVD-19.

From there you have much more control and inventory if you buy openly in the market with your broker vs. the limited turnkey properties, which also tend to be in a dumpier neighborhood than usually advertised (i.e.

There is low inventory and hundreds of buyers in Asheville, so staying close to wholesalers has been vital.

, however, I'm very fortunate to have a dad who's been in the residential real estate game for 25+ years, and one of the most helpful pieces of advice he's given me is this: If you live in a market with low deal inventory (think Chatanooga, TN, Greenville SC, Asheville NC), attempting to begin as a wholesaler is not going to be lucrative - the deal volume will be low.

They charge high interest rates, but they can be great entry money for fast-moving inventory that then allows you to re-finance with traditional loans down the road.

You are feeling high inventory levels in the city condo market, and you are not alone.