Let’s break down the correlation between these real estate metrics to help buyers and sellers understand how they are all interconnected. The Months Supply of Inventory being at 3.42 indicates that there is a relatively low supply of homes on the market compared to the current demand. This means that homes are selling quickly, which…Read More→
South Austin November 2024 Residential Housing Market Update
Let’s take a closer look at the real estate market data to understand how these metrics are correlated according to my South Austin November 2024 Residential Housing Market Update. First, the Months Supply of Inventory is at 3.51, which indicates the number of months it would take to sell all currently listed homes at the…Read More→
South Austin September 2024 Residential Housing Market Update
Let’s break down these real estate metrics to better understand how they are correlated. First, let’s look at the Months Supply of Inventory, which is currently at 4.39. This measures how long it would take for all the current homes on the market to sell at the current pace of sales. A lower number typically…Read More→
South Austin TX August 2024 Residential Housing Market Update
Let’s dive into the real estate metrics for the current market. The Months Supply of Inventory is at 3.49, which indicates the number of months it would take to sell all the current listings if no new properties were added. A lower number typically signifies a seller’s market, where demand outweighs supply in South Austin….Read More→
