Quarterly Market Updates
What’s Happening in the Housing Market – Q2 2022 Market Update
Q2 2022 ended with Austin being a top 5 market nationwide in terms of strength and low inventory but definitely seeing tempering due to equities markets pulling back, interest rates rising from 3.5% to 5.5% and inflation. At The Morshed Group, starting in Q4 of last year, we were letting clients know 2022 would be the year things finally cooled.
Austin is Poised to be the Next US Tech Hub
In the technology industry, talks of emerging “new
2021 Q3 Market Update
Q3 2021 ended with the market finally experiencing price stabilization while values still moved up 3-4% and supply ended at 1.11 months. 20% over list to win a home in multiple offers finally subsided, the number of multiple offers banded down and terms loosened a touch for Buyers. Buyers also saw a little more inventory across the market.
2021 Q2 Market Update
Q2 2021 ended with continued historical lows in inventory for Austin with prices jumping another 6% and ONLY about 2000 homes on the market for sale! We continued to be in uncharted territory regarding negotiations and competition as a result. Buyers had to waive most contingencies to be competitive. Cash, appraisal waivers, massive down payments if financing, and so on won the day.
2021 Q1 Market Update
Q1 2021 ended with historical lows in inventory for Austin with prices spiking 11% and ONLY about 1800 homes on the market for sale! We are in uncharted territory regarding negotiations and competition as a result. Buyers are waiving every Buyer right to be competitive. Cash, appraisal waivers, massive down payments if financing, and so on.
Tarek Morshed Q3 Market Update 2020
Hello everybody,
Q3 market update here including a
