Started falling right as his speech was beginning...
Blackland 78722Red Pear Felipe said:
Where did you end up buying? Each neighborhood is going to be different. I helped an Ag out with his Circle C home this past May and we got $50k over asking. I also had another listing in Western Oaks go for $30k over asking in April. A couple I helped out in Belterra though were able to buy their home for 97% of asking price.
16% off asking is definitely a win. That's the reason I was asking where did you end up buying. These next couple of months will definitely say something about the Austin area.
Nope. Buying a condo in Austin because we're going to be spending more time there. It's a better investment thanSea Speed said:
Leaving the tine?
Flip to the sips confirmedRyan the Temp said:Nope. Buying a condo in Austin because we're going to be spending more time there. It's a better investment thanSea Speed said:
Leaving the tine?hotelslighting money on fire.
Well, I am, in fact, considering a Ph.D. program there.Heineken-Ashi said:Flip to the sips confirmedRyan the Temp said:Nope. Buying a condo in Austin because we're going to be spending more time there. It's a better investment thanSea Speed said:
Leaving the tine?hotelslighting money on fire.
Diggity said:interesting data but Amy Nixon is a doom and gloomer. It's her engagement schtick.Sea Speed said:
Relevant Twitter threadSales down
— Amy Nixon (@texasrunnerDFW) July 20, 2024
Prices turning down
Inventory rising FAST
This is how price corrections begin https://t.co/pg08yhiGsY
Is inventory growing in the Metroplex? Sure...but it needed to.
Jumping from 2.5 to 3.8 months of inventory (while prices contract slightly) does not scream correction to me.
The "balanced" market inventory has always been quoted at six months. I would argue that's a bit high, but four months is not a glut by any means.
This article talks a bit more about the recent market trends. It's behind a paywall on my desktop, but I could read it fine on my phone for some reason
https://www.dallasnews.com/business/real-estate/2024/06/17/north-texas-housing-inventory-hits-12-year-high-what-happens-next/