Is the Austin real estate market slowing down? Many have asked this question so here’s the answer. The Austin Real Estate Market has slowed down. I’ve seen this in chat groups on Facebook but take that with a grain of salt. It’s slowed down comparatively and this is a really good opportunity. I don’t know how long this is gonna last. It’d be great to see two months worth of inventory. There were around 400 price adjustments done yesterday. Price adjustments to changes in status, but many of those were price adjustments.
I want you to think about how you can capitalize on this opportunity. First of all, as long as we’ve been listing properties, we have advised our sellers not to list the week before a holiday. We might list the weekend before but not during the week. What you have to keep in mind is that the people that are listing properties this week are probably not the best real estate agents. There’s an opportunity there, more competition, and just racing people out of the certain price ranges.
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You have the opportunity to capitalize and these are the conversations that you need to be having with your buyers right now. Here’s the deal, appreciation is going to slow and I hope it does because 30% from November 2021 is way too much. But if you’re working with a buyer and they’ve been on the sidelines and they’re not, they’re skipping Easter and so are you.
This is a real opportunity. We have more of an opportunity to capitalize on this data plunge, data dip right here than we have in the last year and a half.