Austin Market Watch
Once again, real estate sales in the Austin metro area are off to another fast start. While 2014 was a record breaking year, home sales are currently outpacing last year by at least 10% for single family dwellings with many listings still receiving multiple offers and selling over list price! And though early year projections for interest rates ranged from 4.0-4.2% with climbs throughout the year to between 5-5.4%, today the rates remain sub 4% for a 30 year fixed. WOW! I’ll never get tired of seeing rates in the 3’s though I’m afraid those days are numbered.
With home values at historic highs and the cost of money still at historic lows home sellers and buyers are sure to be satisfied here in the Austin metro area. Let us know if you are ready to discuss a future move and don’t forget introduce us to your friends, family members and co-workers who are considering the same!
(Graphic from the Austin Board of Realtors)