Spring Strategies & Appreciation by Zip Code Map

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Navigating the Spring Market

Austin continues to set housing records as the city experiences immense growth. Homes across the Austin area continue to sell at an unprecedented pace for record-breaking prices, despite a historically low level of inventory.

For Buyers

Homes this past year have sold for 30% over list price and have gone under contract in less than 24 hours. However, there are still plenty of opportunities in the market for homebuyers to find something that works in their budget and housing needs. Considerations for buyers:

  • Get financing approval and speak to one of our preferred lenders about the new conventional loan limit increase to $647,200 for 2022.

  • Reach out to understand competitive terms related to option period, closing costs, and appraisal waivers.

  • Meet to discuss your budget, understanding comps related to your offer, and timeline considerations.

For Sellers

2022 will see continued strength in the housing market. The strong demand for homes simply cannot be met by the current low supply, which is why we expect the market to remain robust and competitive for sellers. Considerations for sellers: 

  • Set up a listing consultation to go over presentation and photography.

  • Strategize together on how we can work towards multiple offers and the most favorable terms for you.

  • Understand how to price your property. We’ll discuss recently sold, pending, and active properties in the area and leverage the market’s current conditions and seasonality.

ELIZABETH CUSTY