Austin, Texas Housing Market Report

 In Investing Tools & Technology

Austin Market Analysis Through September 2019.

Austin Texas Private Money Hard Money Lender Development Loans

As the summer selling season came to end, August Austin-area home sales continued to increase, while listings on the market decreased compared to the same month last year.

The Austin Board of Realtors latest central Texas housing market report indicates the imbalance between supply and demand – which continues to drive up the cost of homes in August – will persist beyond this Summer’s sales activity.

“While it’s typical to see a decrease in housing inventory and listings at the end of the Summer, the continued year-over-year decrease in supply is proof that Austin’s housing stock is critically limited,” Kevin P Scanlan, 2019 President of the Austin Board of Realtors, said.

“We’re encouraged by the city council’s stated commitment to creating more housing capacity, increasing the supply and variety of housing is the only way to ensure a more balanced market.

Click here to download the Full Report

 

Looking for a private loan for new construction or real estate development in Austin, or another area of Texas of the Mountain West region? Contact Broadmark Real Estate Management today for a quote.

 

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